Home / transaction / Berkshire Global Advisors acted as financial advisor to Tiptree Inc.
Berkshire Global Advisors acted as financial advisor to Tiptree Inc.
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  • Berkshire Global Advisors acted as financial advisor to Tiptree Inc.

  • Date: April 2019
  • Sector: Private Markets – Private Equity / Credit
  • Sub-Sector: Credit
  • Region: North America | Private Markets – Private Equity / Credit
  • Seller AUM: $1.7 Billion
  • Seller Details:
    Telos Asset Management LLC, founded in 2006, is a leading credit manager with $1.7 billion in assets under management primarily focused on investing in corporate credit through managed accounts and structured investment vehicles such as CLOs.

    Tiptree Inc. (NASDAQ: TIPT) is a holding company that combines insurance operations with investment management expertise. The Company’s principal operating subsidiary is a leading provider of specialty insurance products and related services, including credit protection, warranty, and programs which underwrite niche personal and commercial lines of insurance. The Company also allocates capital across a broad spectrum of investments, which is referred to as Tiptree Capital. Today, Tiptree Capital consists of asset management operations, mortgage operations and other investments.

    Buyer Details:
    Atalaya Capital Management is a privately held, SEC-registered, alternative investment advisory firm. Atalaya focuses on making credit and special situation investments in three principal asset classes – corporate, real estate and specialty finance. Founded in 2006, Atalaya is headquartered in New York City and has approximately $5.5 billion in assets under management.