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Stock impact report

Virtus Investment Partners Announces a Strategic Minority Interest Investment in Crescent Cove Advisors, LP

Virtus Investment Partners, Inc. (VRTS) 
Last virtus investment partners, inc. earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.virtus.com
Company Research Source: Business Wire
Adds Differentiated Private Markets Capability focused on Direct Lending to High-Growth Technology Companies HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-manager asset management business, today announced it has completed the acquisition of a 35% minority interest in Crescent Cove Advisors, LP (“Crescent Cove”), a San Francisco-based firm providing private capital solutions to middle market technology companies. The transaction broadens Virtus’ offerings by adding a differentiated private markets capability focused on lending to high-growth technology companies.Founded in 2016, Crescent Cove manages approximately $1.0 billion in assets1 across multiple private funds, including closed-end funds and an evergreen fund, with a track record of delivering attractive risk-adjusted returns for its investors. It has established itself as an important capital partner for middle market technology companies in defense tech, autonomous Show less Read more
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