503 Capital Partners to Acquire Private Credit Platform of Tortoise Capital
503 Capital Partners to Acquire Private Credit Platform of Tortoise Capital
"We are thrilled to announce the formation of 503 Capital," Henson said. "There is no better way to align client outcomes than to have our employees as owners of the business."New firm comprises former Tortoise investment professionals
新公司是由前Tortoise投資專業人士組成的
OVERLAND PARK, Kan., July 11, 2024 /PRNewswire/ -- Tortoise Capital and 503 Capital Partners, LLC (503 Capital) today announced they have entered into a definitive agreement for 503 Capital to acquire Tortoise's private credit platform. 503 Capital is a newly formed entity comprising the investment and management team of Tortoise's private credit division. Terms of the transaction were not disclosed.
2024年7月11日，堪薩斯州奧弗蘭帕克/美通社——Tortoise Capital和503Capital Partners，LLC（503Capital）今天宣佈，雙方已達成明確協議，由503Capital收購Tortoise的私人信貸平台。503Capital是一個新成立的實體，包括Tortoise的私人信貸部門的投資和管理團隊。交易條款未披露。
503 Capital will be led by Managing Partners Gary Henson, David Sifford, and Kate Moore. As part of the transaction, employees of 503 Capital will own 100% of the equity interest of the entity, aligning interests with the firm's clients.
503Capital將由管理合夥人Gary Henson、David Sifford和Kate Moore領導。作爲該交易的一部分，503Capital的員工將擁有該實體100%的股權，使利益與公司客戶保持一致。
"We are thrilled to announce the formation of 503 Capital," Henson said. "There is no better way to align client outcomes than to have our employees as owners of the business."
“我們非常高興地宣佈成立503Capital，”Henson說。“沒有比讓我們的員工成爲業務的業主更好的方法來保持客戶的利益相一致。”
"Keeping our investment team intact is essential to our client experience," said Sifford, 503 Capital's Chief Investment Officer. "We have become a recognized lender in the education, healthcare, and waste transition sectors, which has helped us obtain strong risk-adjusted returns for our clients."
“保持我們的投資團隊完整對於我們的客戶體驗至關重要，”503Capital的首席投資官Sifford說。“我們已經成爲教育、醫療保健和廢物轉型領域的知名貸方，這有助於我們爲客戶取得強勁的風險調整回報。”
Following the completion of the acquisition, which is expected to occur in the third quarter, Overland Park, Kansas-based 503 Capital will manage approximately $500 million in assets across private funds and separately managed accounts.
預計將在第三季度完成收購後，總部位於堪薩斯州奧弗蘭帕克的503Capital將管理約5000萬美元的私人基金和單獨管理的帳戶資產。
The team at 503 Capital will continue to work with Tortoise Capital on the management of its public funds, and the investment processes and day-to-day portfolio management remain unchanged.
503Capital的團隊將繼續與Tortoise Capital合作管理其公共基金，投資流程和日常組合管理不變。
About 503 Capital Partners
503 Capital is an employee-owned private credit firm specializing in lower middle-market loans, often lending on a tax-exempt basis. 503 Capital was founded in 2024 as part of a management buyout of Tortoise Capital's private credit platform. For information about 503, visit .
關於503 Capital Partners
503Capital是一家員工擁有的私人信貸公司，專門從事下游市場貸款，通常在免稅的基礎上放貸。 503Capital成立於2024年，是Tortoise Capital的私人信貸平台的管理收購的一部分。有關503的信息，請訪問 。
About Tortoise Capital Advisors
Tortoise Capital Advisors, L.L.C. is an SEC-registered asset manager that invests primarily in publicly traded companies in the energy and power infrastructure sectors—from production to transportation to distribution. Tortoise Capital's solid track record of investment experience and research dates back more than 20 years. As an early investor in midstream energy, Tortoise Capital believes it is well-positioned to be at the forefront of the global energy evolution. For more information about Tortoise Capital, visit .
關於Tortoise Capital Advisors
Tortoise Capital Advisors，L.L.C.是一家SEC註冊的資產管理公司，主要投資於能源和電力基礎設施領域的上市公司——從生產到運輸到分銷。 Tortoise Capital擁有20多年的投資經驗和研究歷史，是中游能源的早期投資者，並認爲自己處於全球能源變革的前沿。有關Tortoise Capital的更多信息，請訪問 。
Media Contacts:
For Tortoise Capital
Margaret Kirch Cohen/Richard Chimberg
Newton Park PR
+1 847-507-2229
+1 617-312-4281
[email protected]
[email protected]
媒體聯繫人:
對於Tortoise Capital
Margaret Kirch Cohen / Richard Chimberg
Newton Park公共關係公司
+1 847-507-2229
+1 617-312-4281
[email protected]
[email protected]
For 503 Capital Partners
Gary Henson
503 Capital Partners
+1 913-279-0177
[email protected]
對於503 Capital Partners
Gary Henson
503 Capital Partners
+1 913-279-0177
[email protected]
SOURCE Tortoise Capital
來源: Tortoise Capital
譯文內容由第三人軟體翻譯。
