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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…