Virtus Investment Partners announced the acquisition of a 35% minority interest in Crescent Cove Advisors, LP.
This strategic investment adds a new private markets capability focused on direct lending to high-growth technology companies to Virtus' offerings.
Crescent Cove manages approximately $1.0 billion in assets across private funds, with a track record of delivering attractive returns in technology sectors.
Strategic Investment
Virtus Investment Partners strengthens its offerings with a unique private markets capability through the acquisition of a minority stake in Crescent Cove Advisors.
Diversification
The transaction broadens Virtus' investment options by providing exposure to lending opportunities in high-growth technology sectors like defense tech, autonomous driving, and fintech.
Partnership Milestone
The partnership marks an important milestone for Crescent Cove as it celebrates approaching its 10th year, aligning with Virtus' long-term vision for investor success.
- The partnership with Crescent Cove enhances Virtus' position in the venture and growth credit asset class.
- Investors now have access to a risk-managed platform that focuses on lending to promising technology companies, diversifying their investment portfolios.
The acquisition of a minority interest in Crescent Cove Advisors strengthens Virtus' portfolio and diversifies its offerings, opening up new opportunities in the private markets space.