Brightwood Capital Completes Secondary Sale of Special Purpose Vehicle to Tikehau Capital
September 17 2024 - 8:00AM
Business Wire
Brightwood Capital Advisors, LLC (“Brightwood”), a private
credit firm, today announced the close of a secondary sale of
assets from a special purpose vehicle to a new Brightwood-managed
continuation vehicle led by Tikehau Capital, a global alternative
asset manager. The successful close of the transaction demonstrates
Brightwood’s experience in the secondary market and
solutions-driven approach to partnerships. Financial terms of the
transaction were not disclosed.
“Tikehau Capital is an outstanding partner and the combined
forces of our two teams’ deep knowledge of the alternative asset
sector was exceptionally valuable throughout this process,” said
Sengal Selassie, Chief Executive Officer and Managing Partner at
Brightwood. “We look forward to building on our existing
relationship with Tikehau Capital and partnering on future
transactions.”
“We are delighted to have worked with the Brightwood team on
this transaction,” said Pierpaolo Casamento, Head of Private Debt
Secondaries at Tikehau Capital. “As we continue to expand our
investment portfolio, we’re keen to continue our partnership.”
Akin advised Brightwood on the secondary sale of assets. The
Akin team was led by investment management partners Fadi Samman and
Amanda Butler-Jones and included tax partner Ryan Dahan; counsel
Brendan McNamara; and associate John Molm.
Goodwin advised Tikehau Capital on the transaction. The Goodwin
team was led by Krishna Skandakumar and included John Anderson,
Luca Del Ciotto, Natalia Kubik, Zac Davidson, Anna Dodson and
Romina Weiss.
About Brightwood Capital Advisors
Brightwood Capital Advisors, LLC is a private credit firm with a
long-standing track record of investing in middle-market
businesses. Brightwood specializes in providing senior debt capital
primarily to U.S. businesses with $5-$75 million of EBITDA within
five core industries: technology & telecommunications,
healthcare, business services, transportation & logistics and
franchising. Brightwood partners with non-sponsored businesses as
well as private equity sponsors to provide customized financing
solutions for directly originated investments.
Founded in 2010, Brightwood is a minority-owned firm with a team
of over 50 employees who manage more than $6 billion of assets
(regulatory assets under management as of June 30, 2024) on behalf
of its primarily institutional investor base. Brightwood is
headquartered in New York City. For more information, please visit:
https://brightwoodlp.com/.
About Tikehau Capital
Tikehau Capital is a global alternative asset management group
with €46.1 billion of assets under management (at 30 June 2024).
Tikehau Capital has developed a wide range of expertise across four
asset classes (private debt, real assets, private equity and
capital markets strategies) as well as multi-asset and special
opportunities strategies. Tikehau Capital is a founder-led team
with a differentiated business model, a strong balance sheet,
proprietary global deal flow and a track record of backing high
quality companies and executives. Deeply rooted in the real
economy, Tikehau Capital provides bespoke and innovative
alternative financing solutions to companies it invests in and
seeks to create long-term value for its investors, while generating
positive impacts on society. Leveraging its strong equity base
(€3.1 billion of shareholders’ equity at 30 June 2024), the Group
invests its own capital alongside its investor-clients within each
of its strategies. Controlled by its managers alongside leading
institutional partners, Tikehau Capital is guided by a strong
entrepreneurial spirit and DNA, shared by its 762 employees (at 30
June 2024) across its 17 offices in Europe, the Middle East, Asia
and North America. Tikehau Capital is listed in compartment A of
the regulated Euronext Paris market (ISIN code: FR0013230612;
Ticker: TKO.FP). For more information, please visit:
www.tikehaucapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240917202745/en/
Media Brightwood Capital Advisors Ben Howard
bhoward@prosek.com (914) 552-4281
Tikehau Capital Valérie Sueur - +33 1 53 59 03 64 US – Prosek
Partners: Trevor Gibbons – (646) 818 9238
press@tikehaucapital.com
Investors Brightwood Capital Advisors
info@brightwoodlp.com
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