On January 13, 2021, Seward & Kissel client TIG Advisors, LLC announced that it had acquired a minority revenue share in Arkkan Capital Ltd.
Under the terms of the agreement, TIG Advisors, LLC (“TIG”) has acquired a minority revenue share interest in Arkkan Capital Ltd. (“Arkkan”) from a fund managed by a Blackstone advisor. The fund seeded Arkkan and will remain an investor in Arkkan’s fund. Terms of the deal were not disclosed. A Seward & Kissel team led by partners Craig Sklar, Gary Anderson and Jon Brose represented TIG in connection with the transaction.
Arkkan is a Hong Kong-based alternative asset manager that specializes in credit and special situation investments in the Asia Pacific markets. It has approximately $1 billion in assets under management.
TIG, based in New York, is an alternative asset manager that provides growth capital, infrastructure support and management services to investment teams. It has approximately $7 billion in assets under management.
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