Pacific Current Invests in Banner Oak


January 17, 2022

On January 3, 2022, Pacific Current Group Limited announced an investment in Banner Oak Capital Partners.

Under the terms of the transaction, Pacific Current Group Limited (“Pacific Current”) acquired a 35% stake in Banner Oak Capital Partners (“Banner Oak”). Pacific Current’s interest is passive and non-voting, and its initial investment is $35 million. Banner Oak will retain control of its day-to-day management and operations. Further terms were not disclosed.

Pacific Current (ASX:PAC), based in Sydney, Australia, is an asset management firm focused on partnering with investment managers.

Banner Oak, based in Dallas, Texas, is an investment management firm specializing in real estate. Banner Oak has approximately $5.7 billion in assets under management. Berkshire Global Advisors served as exclusive financial advisor to Banner Oak on the deal.

To read the press release: please click here.

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