Spouting Rock Asset Management Acquires Majority Stake In Old Hill Partners
01/07/22, 1:01 PM
Location
bryn mawrIndustry
lending and investments
financial services
Spouting Rock Asset Management, LLC, (Spouting Rock) a multi-boutique manager platform providing investment solutions and services, today announced an agreement to merge with Old Hill Partners Inc. (Old Hill), an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses. A newly formed subsidiary of Spouting Rock, Spouting Rock Alternative Credit, LLC (SR Alternative Credit), will house the Old Hill asset-based lending business and serve as the investment advisor to Old Hill’s existing funds and other investment vehicles. The new subsidiary will be operated by former Old Hill employees, Jeff Haas and Peter Faigl as president and chief investment officer, respectively. This acquisition will allow Spouting Rock to expand its platform of solutions and help complement clients’ existing portfolio needs.
Company Info
Location
Bryn Mawr, Pennsylvania, United States
Company info
Founded in 2018, Spouting Rock Asset Management is a multi-boutique manager platform providing alternative, traditional and thematic investment solutions and services aimed to enhance portfolios and protect wealth. Located outside of Philadelphia, Pennsylvania, Spouting Rock Asset Management provides sophisticated investors, financial professionals and institutions the ability to invest in niche strategies in less efficient markets where active management has the potential to add meaningful alpha. Spouting Rock Asset Management offers a robust, cost-efficient platform that provides boutique managers with the distribution and operational benefits of a scaled asset management business.