On April 12, 2022, Azimut Alternative Capital Partners, LLC announced that it had acquired a minority equity interest in BroadLight Holdings, L.P. and certain affiliated entities.
Under the terms of the transaction Azimut Alternative Capital Partners, LLC (“AACP”), the US subsidiary of Azimut Group (“Azimut Group”), has acquired a 10% equity interest in BroadLight Holdings, L.P. (“BroadLight”) and certain affiliated entities. AACP will also contribute permanent capital to support BroadLight's business. BroadLight's current management team will remain in place, and the transaction will not alter BroadLight's current investment process or operations strategy. Further terms were not disclosed.
AACP is the United States subsidiary of Azimut Group, an asset manager based in Milan, Italy. Azimut Group has $90 billion in assets under management.
BroadLight, based in Los Angeles, is a private equity investment firm serving high-net-worth clients across the arts and entertainment industries.
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