|
Laxman Pai, Opalesque Asia: Bennett Goodman's Hunter Point Capital (HPC) and Abu Dhabi sovereign wealth fund Abu Dhabi Developmental Holding Company (ADQ) acquired a stake in Vistria Group, a middle-market private investment firm with approximately $9.5 billion in assets under management.
The strategic partnership is aimed at providing long-term growth capital for Vistria to help accelerate its investment strategy, said a joint press release. According to the company, there will be no change in governance or day-to-day activities at Vistria.
"This investment further validates our success to date and enables us to confidently double down on our approach," explained Marty Nesbitt, Co-Chairman & Co-CEO of The Vistria Group.
Marty added: "With growing proof in our investment thesis - that we can deliver attractive returns while achieving positive outcomes for our portfolio companies and the lives and livelihoods they support - we have laid the foundation for a sustainable franchise and are well-positioned for continued growth."
"The Vistria Group continues to advance its sector-focused strategy across healthcare, knowledge, and learning, and financial services. These industries provide attractive long-term opportunities as middle-market companies seek strategic partners to navigate a continually shifting landscape," the release said.
"We are excited about the influx of permanent capital that will bolster our efforts to co...................... To view our full article Click here
|
RSS
