Shelton Capital Management Acquires Cedar Ridge Partners

February 4, 2019

On January 30, 2019, Shelton Capital Management announced that it had acquired Seward & Kissel client Cedar Ridge Partners, LLC.


Under the terms of the agreement, Shelton Capital Management (“Shelton Capital”) acquired the business of Cedar Ridge Partners, LLC (“Cedar Ridge”) and has become the investment adviser to Cedar Ridge’s mutual fund, the Cedar Ridge Unconstrained Credit Fund (CRUMX/CRUPX). The transaction closed effective on January 25, 2019 and further terms of the deal were not disclosed. Cedar Ridge’s Alan Hart, Guy Benstead, Jeff Rosenkranz and David Falk joined Shelton as Portfolio Managers. A Seward & Kissel team led by partners Jim Abbott, Craig Sklar and Anne Patin and law clerk Elyse Moy represented Cedar Ridge in connection with the transaction.

Founded in 2004, Cedar Ridge is a registered investment advisor managing alternative investment products, including a registered mutual fund, private funds and separate accounts, for high net worth individuals, RIAs, institutional investors and family offices.

Shelton Capital is a multi-strategy asset manager focused on sophisticated investment solutions. It had over $1.85 billion in assets under management as of December 31, 2018.

To read the press release: please click here.


Categories

Hedge Fund M&A, Investment Manager M&A, Mutual Fund M&A, Transactions