On July 26, 2021, the Azimut Group announced that it will acquire a minority equity interest in Pathlight Capital LP.
Under the terms of the transaction, the Azimut Group (“Azimut”), through its subsidiary Azimut Alternative Capital Partners, LLC, will acquire 20% equity interest in Pathlight Capital LP (“Pathlight”) and will contribute permanent capital to the business in the future. Pathlight’s strategy, management, investment process, and day-to-day operations will not change as a result of the transaction. Further terms of the transaction were not disclosed.
Azimut, based in Milan, Italy, is a global independent asset manager, composed of various companies active in the sale, distribution, and management of insurance and financial products. Azimut has approximately $90 billion in total assets under management.
Pathlight, based in Hingham, Massachusetts, is an asset-based lending firm providing first and second lien secured asset-based loans. Pathlight manages approximately $1.4 billion of committed capital across two investment funds and other Pathlight-controlled accounts.
To read the press release: please click here.