Northern Lights Invests in Raven Capital Management

June 8, 2009

 Northern Lights Ventures announced the acquisition of a minority equity interest in S&K client Raven Capital Management, a private equity firm focusing on asset-based credit investment opportunities.


Raven originates, underwrites, structures and actively manages investments that include senior secured and mezzanine debt as well as equity in a broad range of asset types including real estate, transportation, project finance/infrastructure, intellectual property/receivables and esoteric assets.  Raven’s management, led by Josh Green (previously a Managing Director in Merrill Lynch’s Global Structural Finance & Investments Group) retained a majority interest in the company.  Terms of the transaction were not disclosed.  Northern Lights is a Seattle, Washington-based venture capital firm which seeks to invest in highly successful, innovative asset management firms.  Seward & Kissel LLP acted as counsel to Raven in connection with this transaction.  For more information, read the Northern Lights press release.


Categories

Hedge Fund Venture Capital, Investment Manager Venture Capital, Transactions