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Private equity firm Northern Lights Capital Group, a provider of strategic capital and resources to boutique asset management firms, has made an investment in Buick Capital Partners.
Buick is an independent, London-based private placement firm, providing advisory and placement services to alternative investment managers with strategies ranging from liquid hedge funds to private equity and other longer-term special situations vehicles.
The new company will be re-named Northern Lights Alternative Advisors (NLAA) and will provide expanded distribution and strategic capabilities for Northern Lights in the UK and Europe. Terms of the transaction have not been disclosed.
Buick was founded in 2009 by its managing directors Timothy Morgan and Dominic Trusted. Morgan was previously co-head of capital introduction and a managing director at Goldman Sachs International, where he worked for 10 years before founding Buick. From September 2006, Trusted was in charge of the day-to-day running of fixed income capital markets for UK financial institutions at Morgan Stanley in London.
Northern Lights, which first invested in the UK in 2009, has been looking to establish a more permanent representation in London.
“We see NLAA as a continuation of the Northern Lights ethos,” says Tim Carver, co-founder and managing director of Northern Lights. “We couldn’t ask for a better team to carry the Northern Lights flag in the UK and beyond.”
In addition to its current placement and advisory business, NLAA will immediately begin consulting to The Accelerator Fund, a hedge fund acceleration vehicle, co-managed by Northern Lights and Hermes BPK Limited.
“We believe we are at an inflection point in our business,” says Morgan. “Our partnership with Northern Lights creates a unique opportunity, capable of attracting investment talent by providing strategic capital, distribution, and strategic advisory services to alternative managers globally.”
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