NEWS
DECEMBER 31, 2010 – Management of Westchester Capital and Lincoln Peak Capital Complete Purchase of Interest from Retired Founder
Lincoln Peak Capital completed its previously announced minority investment in Westchester Capital Management, LLC (“Westchester”), the successor entity to Westchester Capital Management, Inc. Westchester manages approximately $4.0 billion in assets and serves as the investment advisor to The Merger Fund, a leading merger arbitrage mutual fund. Lincoln Peak Capital acquired its minority investment in connection with helping Westchester’s current management team purchase their company from its retired founder.
DECEMBER 14, 2010 – Lincoln Peak Completes Minority Equity Investment in BBR Partners, LLC
Lincoln Peak Capital completed a minority equity investment in BBR Partners, LLC (“BBR”), establishing a long-term partnership with BBR’s management team. With over $5.0 billion in assets under management, BBR is a premier, independent wealth management firm serving as a family office for ultra-high net worth families. In connection with the minority equity investment in BBR, Lincoln Peak Capital assisted BBR’s founding principals in broadening equity ownership and providing additional incentives to other key members of their management team.
OCTOBER 12, 2010 – Management of Westchester Capital and Lincoln Peak Capital Reach Definitive Agreement to Purchase Interest From Founder
Lincoln Peak Capital has agreed to make a minority equity investment in Westchester Capital Management, LLC (“Westchester”) in partnership with its management team. Westchester is the successor entity to Westchester Capital Management, Inc., the advisor to The Merger Fund, a leading merger-arbitrage mutual fund. Lincoln Peak and Westchester’s management have agreed to purchase the firm from its retired founder. The transaction is expected to close in late 2010 or early 2011.
DECEMBER 14, 2009 – Westfield Capital Closes Management Buy-Out
Lincoln Peak Capital completed a minority investment in Westfield Capital Management, L.P., an investment firm with over $11 Billion in assets under management. In addition to providing capital, Lincoln Peak Capital assisted Westfield’s management in structuring, negotiating and financing its management buy-out from Boston Private Financial Holdings, Inc.