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Komfie Manalo, Opalesque Asia: Dyal Capital Partners, a division of Neuberger Berman focused on institutional alternative asset management has taken a strategic minority position in Vector Capital, a private equity firm specializing in transformational investments in established technology businesses.
Alex Slusky, Vector Capital's founder and chief investment officer, commented on the deal, "We are thrilled to welcome Dyal as a strategic partner. This investment, which builds on our 20-year relationship with Neuberger Berman, provides Vector with permanent capital to strengthen our private equity business and further accelerate the growth of our credit business. We are honored to partner with Dyal, which has a proven record of backing best-in-class investment managers."
Under the terms of the transaction, Dyal has acquired a passive, non-voting, minority stake in the firm. There will be no changes to Vector's strategy, investment process or day-to-day operations.
Michael Rees, head of Dyal Capital Partners, added, "For more than 20 years, Vector has distinguished itself as one of the leading special situations investors in technology. Vector has a flexible and creative investment approach with a strong track record of performance. Through our capital and our business platform resources, we look forward to furt...................... To view our full article Click here
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