On April 7, 2015, BPV Capital Management, a mutual fund management firm based in Knoxville, Tennessee, acquired 100% of the equity in Cain Brothers Asset Management, an institutional investor based in Orlando, Florida.
All six members of Cain Brothers Asset Management (“CBAM”) will remain with the firm. CBAM’s current Chief Executive Officer, Tim Sheehan, will be named Senior Vice President of BPV Capital Management. The acquisition raises the total combined assets of all BPV companies to $1.93 billion.
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