Kelso and Lovell Minnick Invest in Pathstone


March 27, 2023

On March 6, 2023, Pathstone announced investments from Kelso & Company and Lovell Minnick Partners.

Under the terms of the transaction, Kelso & Company (“Kelso”) and Lovell Minnick Partners (“LMP”) each made equity investments to Pathstone. LMP first invested in Pathstone in 2019 and will increase its stake with this transaction. Both Kelso and LMP’s investments are expected to close during the second quarter of 2023, subject to customary closing conditions. 

Kelso, based in New York is a private equity company focused on middle market companies. Since 1980, Kelso has invested $19 billion in over 135 transactions. 

Pathstone, based in Englewood, New Jersey, is an investment advisory firm. Pathstone has approximately $80 billion in assets under advisement. Ardea Partners served as exclusive financial advisor to Pathstone on the transaction.

LMP, based in New York, is a private equity firm focusing on the middle market. Republic Capital Group advised LMP on the transaction. 

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.