On July 17, 2020, Spear Street Capital LLC announced a minority stake investment by Bonaccord Capital Partners.
Under the terms of the transaction, Bonaccord Capital Partners I, L.P. (“Bonaccord”) acquired a passive, non-voting minority interest in Spear Street Capital LLC (“Spear Street”). Terms of the deal were not disclosed.
Spear Street is a real estate investment company that focuses on assets and portfolios valued above $25 million. It owns properties in the United States, Canada and Europe. Berkshire Global Advisors served as financial advisor to Spear Street on the transaction.
Bonaccord, based in New York, specializes in acquiring long-term interests in private market managers. Bonaccord is a division of Aberdeen Standard Investments (“Aberdeen”), a UK-based, full-service asset management group. As of December 31, 2019, Aberdeen had approximately $644.5 billion in assets under management across all funds.
To read the press release: please click here.