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Investcorp Invests in Secondary-Focused Banner Ridge Partners

Investcorp Invests in Secondary-Focused Banner Ridge Partners

Investcorp‘s strategic capital group (ISCG) made an investment in Banner Ridge Partners, giving the $7.3 billion NY-based alternative assets manager its second cash injection this year following the recent close of Banner Ridge Secondary Fund V at its hard cap of $2.15 billion.

Financial terms of the investment were not disclosed.

The deal makes ISCG a passive, non-voting partner in Banner Ridge, which invests in distressed, special situations, and credit strategies. Banner Ridge plans to invest all proceeds from the transaction to support growth, with no changes to its team or investment processes.

“Investcorp’s Strategic Capital Group brings much more than capital. Their extensive network of investor relationships and complementary expertise will prove invaluable as we continue to grow our business over the coming years,” said Anthony Cusano and C.J. Driessen, Banner Ridge co-founders.

Bahrain-based Investcorp, which has been operating as an investment manager since 1982, operates across 14 global offices and has $50 billion in assets, including those managed by third party managers.

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Investcorp Banner Ridge Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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