The combined entity, which will be named AS Birch Grove, manages approximately $5 billion in assets across an opportunistic hedge fund, private credit vehicles, and par credit and collateralized loan obligation vehicles.
The rebounding economic environment may help smaller and more nimble companies outperform their larger peers, but many investors remain under allocated to the small-cap segment of the market.
Emerging property technology-focused venture capital firm Wilshire Lane Capital is selling a minority stake to Nile Capital, a firm dedicated to capitalizing diverse-led investment firms.