27 Dec 2020
Centre Lane Partners (“Centre Lane” or the “Firm”), a leading private investment firm focused on private equity and private credit investments in the North American middle market, today announced that it has entered into a partnership with Investcorp’s Strategic Capital Group (“ISCG”). Terms of the transaction were not disclosed.
The partnership with ISCG provides Centre Lane with long-term strategic capital to continue its successful strategy of investing in the debt and equity of middle market companies in North America.
“This transaction is a notable milestone for Centre Lane and we believe it will position us to even better serve our investors by further investing in our business as we continue to grow our existing strategies,” remarked Quinn Morgan and Ken Lau, Co-founders and Managing Directors of Centre Lane. “Investcorp is a global leader in the middle market, shares our vision for providing best-in-class investment services, and we are delighted to have them as a supportive long-term partner.”
Under the terms of the agreement, ISCG would be a passive, non-voting partner to Centre Lane. There will be no changes to Centre Lane’s team, strategy, execution of its investment process or day-to-day operations in connection with the partnership. Centre Lane intends to utilize the transaction proceeds to increase its capital commitments toward its investments and continue to grow its private credit and special opportunities platforms where it has generated attractive historical performance and is seeing a robust, on-going opportunity set consistent with its focus on being a solutions-oriented partner in complex situations.
“Under Quinn and Ken’s leadership, Centre Lane has established itself as a leading middle market investment firm with an outstanding reputation,” stated Anthony Maniscalco, Managing Partner and Head of ISCG.
“We believe that Centre Lane is differentiated from its peers by its combined expertise in private equity, private credit and operational value-add,” commented David Lee, Partner and Head of Investments of ISCG. “We look forward to supporting the Firm as it focuses on continuing to generate superior returns for investors.”
Launched in 2019, Investcorp’s Strategic Capital Group seeks to be a long-term strategic partner to mid-sized alternative asset managers, with a primary focus on GPs it believes to be well-established, with successful track records and that are poised for growth.