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Berkshire Global Advisors Acted As Exclusive Financial Advisor To A-CAP
  • has entered into a strategic partnership with
  • Berkshire Global Advisors Acted As Exclusive Financial Advisor To A-CAP

  • Date: March 2024
  • Sector: Private Markets – Private Equity / Credit
  • Region: North America
  • Seller Details:

    HalseyPoint Asset Management, LLC (“HalseyPoint”) was launched in July 2019 by Lynn Hopton and Yvonne Stevens as a specialist in leveraged finance investing. Bringing their extensive experience in the space, they assembled a seasoned team of research analysts and traders to manage bank debt and high yield, primarily in Collateralized Loan Obligations (“CLOs”) vehicles. The company has successfully raised seven CLO funds, building assets under management as of September 30, 2023 to US$3.2B. HalseyPoint is a Registered Investment Advisor (“RIA”) headquartered in El Segundo, CA.

    Buyer Details:

    Sagard is a multi-strategy alternative asset management firm with over US$25B under management, 150 portfolio companies, and 300 professionals. The company invests in venture capital, private equity, private credit, real estate, and royalties. Sagard delivers flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. The firm has offices in Canada, the United States, Europe and the Middle East.

    Transaction Summary:

    Sagard has acquired a 40% stake in CLO platform HalseyPoint to help accelerate its next phase of growth. Following the transaction, HalseyPoint Co-Founders and Managing Partners, Yvonne Stevens and Lynn Hopton, and Sagard will each have equal equity ownership stakes in HalseyPoint, with a continued minority holding by A-CAP, a privately-held insurance and financial services business and original equity investor in HalseyPoint.

    A-CAP, established in 2013, operates as a holding company with a unique and synergistic platform encompassing primary insurance carriers, an SEC-registered investment adviser, reinsurance vehicles, and marketing organizations. Privately held, A-CAP’s management team, based in New York, Miami, Charleston, and Salt Lake City, brings diverse experience to offer comprehensive services in insurance and investment sectors.