BNP Brightens Up Portfolio With Northern Lights

Feb 18 2009 | 1:07pm ET

BNP Paribas Investment Partners has taken a minority stake in Northern Lights Ventures and will invest in Northern Lights’ private equity fund, Northern Lights Capital Partners.

Terms of the agreement were not disclosed.

Northern Lights was formed in late 2006 by Andy Turner and Paul Greenwood, former senior executives at Russell Investments, and Tim Carver, formerly of the private equity firm Orca Bay Partners. 
 
Both firms will work together to source, invest in, and grow institutional-sized investment firms, primarily in the U.S. Asia and Europe.

“This partnership provides our firm with access to one of the world’s preeminent banks, while at the same time allowing us to maintain our independence,” said Greenwod. “Through BNP Paribas Investment Partners, we are able to further expand our reach globally, a major advantage for both our firm and our portfolio companies.”

Northern Lights is currently partnered with eight investment managers with strategies including real assets, global tactical asset allocation, U.S. small, mid and large Cap, REITs, senior secured loans, global long/short equity.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

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

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of