Fri, May 20, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

White Oak Equity Partners acquires minority interest in FCO Advisors

Tuesday, April 03, 2018
Opalesque Industry Update - FCO Advisors, a leader in alternative municipal strategies with over $1 billion in assets under management, and White Oak Equity Partners, a private equity firm that purchases non-controlling GP interests in alternative asset managers, today announced that White Oak has acquired a minority interest in FCO. Terms of the transaction were not disclosed.

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."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Long/short equity hedge fund with bear market experience has a winning quarter[more]

    B. G., Opalesque Geneva: Experience during a Russian bear market lasting five years enabled Christian Putz to identify certain investment patterns in the market which he now applies to his current investment strategy. London-based ARR Inv

  2. Opalesque Exclusive: Global equity manager focuses on symbiotic value chains[more]

    B. G., Opalesque Geneva: A global equity manager has made a point of focusing on the phenomenon of shrinking supply chains and avoiding zero-sum business models. London-based Tollymore Investment Partners is a private partnersh

  3. Satori Capital intros energy transition fund, a long/short equity strategy[more]

    Laxman Pai, Opalesque Asia: Dallas-based alternatives manager founded on the principles of conscious capitalism, Satori Capital has launched Satori Environmental, a long/short equity strategy that primarily invests in securities impacted by the global energy sector's shift from fossil-based s

  4. The Big Picture: With the war, E, S, and G have collectively moved back to the fore[more]

    B. G., Opalesque Geneva: In this interview, Dr. Patrick Welton, founder and CIO of Welton Investment Partners, offers his observations on the major macro themes expected to affect the comm

  5. Other Voices: The selloff is overdone[more]

    Authored by Heeten Doshi, founder of Doshi Capital Management. Anyone who is still bearish and calling for more downside is foolish. The selloff is overdone. To point to further declines from here is poor risk management. With the Nasdaq 100 down 22% and S&P 500 down 13% for the year