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The transaction and new partnership offers FCO significant resources and flexibility for growth. The collaboration between FCO and White Oak will position FCO for expansion into projects complementary to those FCO pursues, with an initial focus on positive-impact debt investments in U.S. public sector infrastructure.

Hector Negroni, Chief Executive Officer and Chief Investment Officer of FCO, will continue to lead FCO's financial strategy and will retain control over the firm's day-to-day operations and investments. Mr. Negroni has been involved in investing activities in the municipal market for 30 years and launched FCO in 2013 to offer the global institutional investing community scalable exposure to U.S. public finance opportunities. White Oak will play a critical role in helping FCO pursue its vision, bringing to bear decades of experience strategically advising and building alternative asset management firms.

"We are thrilled to partner with White Oak," said Hector Negroni. "Their extensive experience in the alternative asset management business and collaborative mindset, coupled with their appreciation of FCO's unique approach and long-term potential, will be pivotal in helping us execute our near- and long-term growth strategy."

"As a firm founded on the principle of partnering with great investment teams and great people, we could not be happier about our new relationship with FCO," commented Bruce Wilson, Chief Executive Officer of White Oak.

White Oak Partner, Robert Stockton, added, "FCO's growth strategy is a natural extension of their skill set and market position, and we look forward to helping them execute their new infrastructure initiative and realize their long-term vision."