October 12, 2010
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.