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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