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Laxman Pai, Opalesque Asia: Hunter Point Capital (HPC), an investment firm focused on minority stakes in middle-market alternative asset managers, is taking a minority stake in Iron Park Capital Partners (IPC), a global alternative investment manager across public and private credit markets.
All proceeds of the investment will go to IPC's balance sheet. IPC's investment process, management, and day-to-day operations will remain unchanged. Terms of the investment were not disclosed.
Two executives behind the pair of New York-based firms share a common link: GSO Capital Partners, which Blackstone Inc. acquired in 2008 and turned into its private credit platform.
Public and private credit specialist IPC was founded in June 2019 by GSO Capital Partners co-founder Tripp Smith. HPC, an investment firm seeking minority stakes in middle-market alternative managers, was founded in October 2020 by fellow GSO Capital co-founder Bennett Goodman, and Avshalom Kalichstein, former managing principal at Easterly Partners Group.
Messrs. Goodman and Smith co-founded GSO Capital Partners with Doug Ostrover in 2005. Blackstone acquired and integrated the firm in 2008.
Tripp Smith, Founder and CEO of IPC, said: "The HPC team shares our focus on alignment with institutional investors and partners, our long-term orientation, and our conviction that the highly experienced IPC team can unlock value to generate superior risk-adjusted returns."
Bennett Goodman, Executive Chairman a...................... To view our full article Click here
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