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Saturday, 21 January 2017
Last updated 21 hours ago
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.