Nassau Invests in Balance Point
On November 4, 2021, Nassau Financial Group announced an investment in Balance Point Capital Advisors.
Under the terms of the transaction, Nassau Financial Group (“Nassau”) has made a strategic minority investment in Balance Point Capital Advisors (“Balance Point”). Nassau will also make a series of capital commitments to certain future funds managed by Balance Point. Balance Point’s executive leadership team will remain in place, and Balance Point will continue to operate on a stand-alone basis. Further terms of the deal were not disclosed.
Nassau, based in Hartford, Connecticut, is an asset management firm. As of March 31, 2021, Nassau has approximately $27.5 billion in assets under management and advisement.
Balance Point, based in Westport, Connecticut, is a registered investment adviser providing debt and equity solutions to middle market companies. As of September 2021, Balance Point had approximately $1.7 billion in assets under management. Oppenheimer & Co. Inc. and Piper Sandler & Co. acted as financial advisors to Balance Point on the deal.
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