Hunter Point, ADQ take minority stakes in middle-market private equity firm Vistria Group

Hunter Point Capital and Abu Dhabi Developmental Holding Co. have made a strategic minority investment in The Vistria Group, a middle-market private investment firm.

A source said HPC and ADQ are investing separately in Vistria, with each holding less than a 10% stake and jointly holding less than 20%. Terms of the deal were not disclosed.

The strategic partnership is designed to provide “long-term growth capital for Vistria to help accelerate its investment strategy,” according to a Tuesday news release from Vistria.

The transaction will not result in any changes in governance or day-to-day activities at Vistria, the release noted.

“We are excited about the influx of permanent capital that will bolster our efforts to continue delivering meaningful impact and returns,” said Kip Kirkpatrick, Vistria co-chairman and co-CEO, in the release. “We have been on an accelerated growth trajectory since The Vistria Group was founded nearly 10 years ago, and we remain committed to and confident in our approach.”

Based in Chicago, Vistria has nearly $9.5 billion in assets under management and invests in “essential industries like healthcare, knowledge and learning and financial services,” the release stated. The firm looks to deliver “both financial returns and societal impact.”

Based in New York, Hunter Point Capital is an independent investment firm seeking to make minority investments in middle-market alternative asset managers across private equity, credit, real estate and infrastructure in North America, Europe and Asia, the release noted. ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of enterprises.

Content Source

News Press Ohio – Latest News:
Columbus Local News || Cleveland Local News || Ohio State News || National News || Money and Economy News || Entertainment News || Tech News || Environment News

Related Articles

Back to top button