Spouting Rock Asset Management Acquires Majority Stake in Old Hill Partners
January 7, 2022
Spouting Rock Asset Management announced an agreement to merge with Old Hill Partners and has formed a new subsidiary, Spouting Rock Alternative Credit, LLC (SR Alternative Credit), to house Old Hill's asset-based lending business. Former Old Hill employees Jeff Haas and Peter Faigl will operate the new subsidiary as it targets asset-based lending opportunities for borrowers seeking $10–50 million in financing and aims to expand Spouting Rock’s private credit capabilities.
- Buyers
- Spouting Rock Asset Management, LLC
- Targets
- Old Hill Partners Inc.
- Platforms
- Spouting Rock Alternative Credit, LLC (SR Alternative Credit)
- Industry
- Financial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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