Virtus Investment Partners Acquires 35% Stake in Crescent Cove Advisors

Reuters12-16
Virtus Investment Partners Acquires 35% Stake in Crescent Cove Advisors

Virtus Investment Partners, Inc. has acquired a 35% minority equity interest in Crescent Cove Advisors, LP, a San Francisco-based private capital firm specializing in lending to middle market technology companies. The transaction, which was funded from Virtus' existing financial resources, aims to expand Virtus' offerings by incorporating Crescent Cove's expertise in private markets and growth lending to sectors such as defense tech, autonomous driving, artificial intelligence, and fintech. Specific financial terms of the deal were not disclosed. Goodwin Procter LLP served as legal advisor to Virtus, while Oppenheimer & Co. Inc. and Morgan, Lewis & Bockius LLP advised Crescent Cove.

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