NEW YORK, July 29, 2014 /PRNewswire/ — MLV & Co. Financial, LLC (“MLV”) announced today that it has entered into a strategic partnership with Crow Point Partners, pursuant to which it has acquired a passive, non-voting interest in the asset manager, who currently has approximately $1 billion in assets under its management. The investment is intended to fund new product development in closed and open end funds, ETFs, and other managed investment strategies by Crow Point.
“We are seeing a growing demand for a variety of fund products, particularly those focused on yield,” said Patrice McNicoll, Founder and CEO of MLV. “Crow Point’s expertise in creating platforms provides the potential for significant upside and limited risk in order to generate higher quality investment opportunities and more efficient service to our clients.”
“We have had a long and fruitful relationship with Crow Point, as an institutional client,” commented Dean Colucci, President of MLV. “We share similar views on both markets and client service and are delighted that we are teaming up to explore what we believe will be exciting new product offerings.”
“The strategic partnership between MLV and Crow Point Partners will combine Crow Point’s innovative risk-controlled yield-oriented product development capabilities with MLV and its subsidiaries well-established and impressive expertise in investment banking and distribution,” said Peter DeCaprio, Co-Founder and CEO of Crow Point. “We believe that our affiliation makes both MLV and Crow Point stronger and that MLV is the right partner for our company going forward.”
About MLV & Co. Financial, LLC:
MLV & Co. Financial, LLC is the parent company of MLV & Co., an independent full service investment bank and institutional broker dealer focused on creative capital raising solutions to growth-oriented companies in healthcare, real estate, financials, energy & natural resources, and other “capital-intensive” sectors.
About Crow Point Partners:
Crow Point Partners, founded in 2006, manages approximately $1 billion in assets in sub-advised mutual funds, proprietary mutual funds, SMA’s and private partnerships. Crow Point managers have been investing globally since 1994 in both the equity and fixed income markets, and with prior firms managed as many as 13 different strategies with over $65 billion in assets. The company offers global investment solutions in equity income, alternative or hedged equity strategies, and specialty fixed-income strategies. Additional information about Crow Point may be found at www.cppinvest.com.