AIP Private Capital (AIPPC) and AIP Asset Management (AIPAM), as security agent on behalf of certain of its funds, accounts and partners, are to acquires USD5 million in secured convertible notes and secured non-convertible from Capital Guardian Holding.
Each Holder has the right to convert at any time the convertible notes held by it into voting membership interests of Capital Guardian.
Capital Guardian is a specialist in the Independent Securities Brokerage business and is a diversified hybrid Broker-Dealer, RIA, and Wealth Management firm with corporate offices in New York, Palm Beach, Miami, Naples, and Charlotte. Capital Guardian has approximately USD2.5 billion in AUM and AUA and has a national network of wealth advisors operating from 22 offices in 11 states that serve over 10,000 retail clients
AIPPC, an arm's length entity to AIPAM, acquired a portion of the Notes and will own up to a 7.5 per cent membership interest in Capital Guardian representing compensation for the advisory services provided by AIPPC on this transaction. Alex Kanayev is a Managing Partner and shareholder of AIPPC, is also a shareholder and serves on the advisory board of AIPAM and has also been appointed to the board of directors of Capital Guardian effective 1 October, 2015.
