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Buick is an independent, London-based private placement firm, providing advisory and placement services to alternative investment managers with strategies ranging from liquid hedge funds to private equity and other longer-term special situations vehicles. The new company will be re-named Northern Lights Alternative Advisors, LLP (“NLAA”) and will provide expanded distribution and strategic capabilities for Northern Lights in the U.K. and Europe. Terms of the transaction were not disclosed.

Buick was founded in 2009 by its Managing Directors, Timothy Morgan and Dominic Trusted. Mr. Morgan was previously co-head of Capital Introduction and a Managing Director at Goldman Sachs International, where he worked for 10 years before founding Buick. From September 2006, Mr. Trusted was in charge of the day-to-day running of Fixed Income Capital Markets for UK financial institutions at Morgan Stanley in London. Northern Lights, which first invested in the UK in 2009, has been looking to establish a more permanent representation in London.

“We see NLAA as a continuation of the Northern Lights ethos,” said Tim Carver, Co-Founder and Managing Director of Northern Lights. “We couldn’t ask for a better team to carry the Northern Lights flag in the UK and beyond.”

In addition to its current placement and advisory business, NLAA will immediately begin consulting to The Accelerator Fund, LP, a hedge fund acceleration vehicle, co-managed by Northern Lights and Hermes BPK Limited. Messrs. Morgan and Trusted’s knowledge of the hedge fund market will be valuable in attracting talented investors to NLAA’s agency platform and to The Accelerator Fund.

“We believe we are at an inflection point in our business,” said Mr. Morgan. “Our partnership with Northern Lights creates a unique opportunity, capable of attracting investment talent by providing strategic capital, distribution, and strategic advisory services to alternative managers globally.”

Northern Lights Capital Group is dedicated to identifying and collaborating with leading boutique asset managers exhibiting exceptional investment skill with client-oriented business cultures. We apply our strategic resources, including operating capital, institutional distribution, access to seed capital, and operational expertise to help our partner companies excel.

NLAA will be an independent advisor and strategic partner to alternative investment managers to promote the formation and growth of better alternative investment management organizations. NLAA will accomplish this through its core business of partnering with talented investment advisors through seeding, strategic consulting and capital formation.

Press release

Related article:
21.Mar.2013 Hermes PBK, Northern Light’s Accelerator Fund makes first investment in New York hedge fund Taurasi Capital

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