On January 7, 2022, Spouting Rock Asset Management, LLC announced its acquisition of Old Hill Partners Inc.
Under the terms of the transaction, Spouting Rock Asset Management LLC (“Spouting Rock”) will acquire Old Hill Partners Inc. (“Old Hill”). A newly formed subsidiary of Spouting Rock, Spouting Rock Alternative Credit, LLC (“SR Alternative”) will hold the Old Hill-based lending business and be the investment advisor to Old Hill’s existing funds and other investment vehicles. Jeff Haas and Peter Faigl of Old Hill will operate SR Alternative. Further terms of the deal were not disclosed.
Spouting Rock, based in Bryn Mawr, Pennsylvania is a multi-boutique manager platform that provides thematic, alternative, and traditional investment services to sophisticated investors, institutions, and financial professionals.
Old Hill, based in Darien, Connecticut, is a registered investment adviser, offering alternative asset management and asset-based lending services to family offices, private credit funds, and institutional investors.
To read the press release: please click here.