Callodine to Acquire Majority Interest in Thorofare

January 10, 2022

On December 14, 2021, Callodine Group announced that it will acquire a majority interest in Thorofare Capital.

Under the terms of the transaction, Callodine Group (“Callodine”) will acquire a majority interest in Thorofare Capital (“Thorofare”). The entire Thorofare team of 23 employees will join Callodine upon completion of the acquisition. The transaction, subject to regulatory and other customary closing conditions, was expected to close by the end of 2021. Further terms were not disclosed.

Callodine, based in Boston, is an asset management platform investing in public equities, private credit, and real estate. Its subsidiaries manage investment strategies on behalf of the firm’s institutional investor clients.

Thorofare, based in Los Angeles, is a real estate investment manager. Thorofare has over $1 billion in assets under management. Berkshire Global Advisors LP served as exclusive financial advisor to Thorofare on this transaction

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions