White Oak Equity Partners Acquires Minority Interest In ROW Asset Management

Jun 27 2017 | 8:18pm ET

Private equity company White Oak Equity Partners, which takes stakes in hedge fund managers, has acquired a minority interest in systematic global macro firm ROW Asset Management.

The deal will provide ROW, which manages approximately $800 million, with the financial flexibility to be more opportunistic as it seeks to grow, the company said in a statement. Terms of the transaction were not disclosed. 

ROW co-founders Ryan O’ Grady and Jeffrey Weiser will retain control over ROW’s day-to-day operations as well as its investment and research processes, the statement continued. White Oak will play a strategic role in helping ROW pursue and achieve its business objectives over the near- and longer-term, including the expansion of its trading and execution infrastructure, team, and assets under management.

“We are thrilled to partner with the ROW team, whose differentiated approach and breadth of experience in quantitative investing has led them to stand out among CTAs and outperform in multiple market environments,” said Bruce Wilson, CEO of White Oak, in the statement. “We invested in ROW because we believe the firm is very well positioned for continued success, backed by an innovative leadership team that has worked together for more than two decades. 

Founded in 2015 and headquartered in New York, White Oak Equity Partners purchases non-controlling, minority GP interests in hedge fund firms with less than $2 billion AUM and plays an active, strategic role in helping them grow. The firm formed a strategic relationship with global placement agent Park Hill Group  In 2016. 


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...