Billion Dollar FoHFs Sold To Private Equity Firm

Jul 3 2008 | 12:27pm ET

Private equity firm Rosemont Investment Partners has partnered with the management of Riverview Alternative Investment Advisors, a $1.5 billion fund of hedge funds, to buy Nationwide Mutual Insurance Company’s majority interest in the hedge fund.

Riverview will now be majority-owned by its management team and minority-owned by Rosemont.

Steve Turi, Riverview’s co-founder, said the deal was a “natural move” for the firm and Nationwide.

“We wanted a management buyout because we believe it will create a seamless transition for clients,” he said.

Genie Logue, a principal of Rosemont, said Riverview is Rosemont’s fifteenth asset management investment and the firm’s first investment in the alternative asset management arena.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note