An important move in alternative assets. Azimut, through its American subsidiary Azimut Alternative Capital Partners, has acquired a minority stake in Pathlight Capital, a leading private credit company specializing in Asset Based Lending investments based near Boston.
AACP was formed in November 2019 with the aim of creating partnerships with management companies specializing in alternative investments in the United States. After the first deal signed in July 2020 with Kennedy Lewis operating in the Private Credit sector, and the strategic project with the Bezos and Moross families to develop HighPost Capital, a Private Equity company specializing in investments in the consumer sector, the agreement with Pathlight represents the third operation completed in 18 months of activity. And the combined assets managed by AACP Partners in the alternatives sector reach over $ 8 billion.
Pathlight Capital is a private credit manager dedicated to supporting the needs of companies operating in various sectors by providing asset-based loans on collateral for tangible and intangible assets. It provides financing solutions to enable companies to access greater liquidity for the purpose of financing working capital, debt refinancing, growth, acquisitions, dividends and turnaround strategies. It currently manages approximately $ 1.4 billion through two investment funds and other managed vehicles.