Italian group makes second venture into US private equity markets with minority stake in New York firm.
Italian investment group Azimut has taken a minority stake in HighPost Capital through its subsidiary Azimut Alternative Capital Partners.
This marks the company’s second foray into the US private equity market and will see it assume an interest in the New York-based group, which is led by David Moross and Mark Bezos, who is the brother of Amazon founder Jeff. HighPost is focused on middle market private equity.
Azimut established its specialist alternatives arm, known as AACP, in 2019 with the aim of growing its footprint within the US alternatives space. The deal with HighPost is viewed as one with huge potential to grow further.
Read more/Source: City Wire Selector
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.