Continue reading “Pinnacle Partners with Coolabah Capital”
Under the terms of the agreement, Pinnacle Investment Management (“Pinnacle”) will acquire a 25% equity interest in Coolabah Capital Investments Pty Ltd (“CCI”) for $29.1 million with an additional $5 million if certain milestones are met. Pinnacle will share revenues from capital raised in the institutional, retail, and offshore distribution channels under a global distribution partnership between CCI and Pinnacle. Further terms of the transaction were not disclosed.
Pinnacle, based in Australia, is a multi-affiliate investment management firm. As of August 2019, Pinnacle had more than A$55.6 billion in assets across a diverse range of asset classes.
CCI, based in Australia, is a leading long-only and long-short active investment-grade credit manager. As of November 2019, CCI managed approximately A$3 billion of institutional and retail investments.
To read the press release: please click here.