19 Dec 2011
Northill Capital has acquired a majority interest in Wellfield Partners, a systematic global investment manager.
Northill has committed seed capital of $30million for a minimum of three years. They will provide seed and equity capital to support and accelerate Wellfield Partners’ growth in target European and international markets.
As part of the investment by Northill, Wellfield will manage a new Cayman-based fund which will pursue a systematic diversified strategy. The fund, to be launched in January 2012, will be seeded by Northill and is based on an existing separate account strategy which Wellfield has managed since June 2011.
Northill partner, Jon Little, will sit on the Wellfield Partnership Committee.
Northill has committed seed capital of $30million for a minimum of three years. They will provide seed and equity capital to support and accelerate Wellfield Partners’ growth in target European and international markets.
As part of the investment by Northill, Wellfield will manage a new Cayman-based fund which will pursue a systematic diversified strategy. The fund, to be launched in January 2012, will be seeded by Northill and is based on an existing separate account strategy which Wellfield has managed since June 2011.
Northill partner, Jon Little, will sit on the Wellfield Partnership Committee.
“Wellfield has a strong investment track record and a talented management team who have worked successfully together for many years,” said Little. “We are committed partners for the long-term to support Wellfield’s significant potential for growth and expansion as part of our strategy to build a diversified portfolio of asset management businesses to create long-term value.”
Kevin Bailey, partner, Wellfield Partners, said “Northill brings complementary experience and capital whilst preserving our investment approach, culture and client focus. Our partnership with Northill will contribute significantly to our ability to accelerate growth and we are excited about the impact it will have on our business.”
