On April 23, 2019, Stonyrock Partners LP announced a strategic partnership with Leucadia Asset Management.
Under the terms of the deal, Stonyrock Partners LP (“Stonyrock”) and Leucadia Asset Management (“LAM”) will seek to raise a permanent capital vehicle which will invest in minority stakes in middle market alternative managers. Stonyrock will leverage its affiliate development platform as well as its strategic partnerships, including with LAM, to help support the alternative managers. Further terms of the deal were not disclosed.
Stonyrock is a private investment firm that seeks out partnerships with asset management firms that manage strategies across asset classes to aid them in building long-term franchises.
LAM is a wholly-owned subsidiary of Jefferies Financial Group Inc., a diversified financial services company that specializes in investment banking, capital markets, asset management and direct investing.
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