On February 6, 2018, Temperance Partners acquired a minority stake in Westmount Asset Management.
Temperance Partners purchased its minority stake in Westmount Asset Management from Rosemont Investment Partners. Silver Lane Advisors acted as financial advisor to Westmount. The terms of the deal were not disclosed.
Westmount is a Los Angeles-based investment firm with more than $2.8 billion in assets under management.
Temperance Partners is a private investment firm that invests in financial services and tech-enabled businesses.
Silverlane previously advised Westmount on its original sale of a minority stake to Rosemont Investment Partners.
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