Triton Pacific to Merge with Pathway Capital Opportunity Fund

September 5, 2018

On August 14, 2018, Triton Pacific Investment and Pathway Capital Opportunity Fund announced they have entered into a definitive merger agreement.


Under the terms of the agreement, Triton Pacific Investment Corporation, Inc. (“TPIC”) and Pathway Capital Opportunity Fund, Inc. (“Pathway”) will create TP Flexible Income Fund, Inc. (“TP Fund”), which is jointly owned by TPIC and Pathway through Prospect Flexible Income Management, LLC. In addition, Pathway shareholders will receive an undisclosed number of TPIC shares. The transaction is subject to shareholder approval and customary closing conditions and is expected to close in the fourth quarter of 2018. Further terms of the deal were not disclosed. 

TPIC, headquartered in Los Angeles, is a publicly registered non-traded investment company that specializes in private equity and debt investments. Triton Pacific Capital Partners is an affiliated private equity firm with $1 billion in assets and offerings.

Pathway, based in New York, is a registered closed-end investment company. Prospect Capital Management is an SEC-registered investment adviser with $6.2 billion in assets under management as of March 31, 2018.

To read the press release: please click here

 


Categories

Investment Manager M&A, Private Equity M&A, Transactions