Asydan Capital Management Merges with Kestrel Merchant Partners to Form Caydan Capital Partners

Caydan Capital Partners and Phoenix Merchant Partners Provide $13M Growth Financing to HCT Renewable Energy

August 22, 2024

Renewable Energy

HCT Renewable Energy closed $13 million in growth financing through an asset-based facility provided by Phoenix Merchant Partners and Caydan Capital Partners. The capital will be used to accelerate HCT’s expansion in the solar energy staffing market, supporting its work connecting utility-scale solar construction companies with skilled labor across the United States.

IK Partners Makes Development Capital Investment in Kestrel Capital

May 29, 2025

Financial Services

IK Partners' IK Small Cap III fund has signed an agreement to invest in Dublin-headquartered wealth manager Kestrel Capital alongside the company's existing owners. The minority development-capital investment will support Kestrel's growth — expanding services, investing in operations and pursuing selective add-on acquisitions as the firm builds on its more than €1bn in assets under management.

CI Capital Partners Makes Majority Investment in The Cadmus Group

September 21, 2021

Professional Services

New York-based private equity firm CI Capital Partners has made a majority investment in The Cadmus Group, a Waltham, Massachusetts-based multidisciplinary professional services and consulting firm focused on climate, energy, environment, transportation, security, and public health. The partnership will provide capital to accelerate Cadmus' U.S. and European growth through organic expansion and strategic add-on acquisitions; financial terms were not disclosed.

Trinity Hunt Partners Recapitalizes Keste

June 17, 2020

IT Services

Trinity Hunt Partners has acquired a majority stake in Keste, a Plano, Texas–based provider of B2B digital transformation and cloud services. The recapitalization will partner Trinity Hunt with Keste founders (who remain significant shareholders) to accelerate growth and scale the business through add-on acquisitions and expanded capabilities.

Kestrel Group and Maiden Holdings Complete Combination to Form Kestrel Group Ltd

May 27, 2025

Insurance

Kestrel Group LLC and Maiden Holdings, Ltd. completed their previously announced combination to form a new publicly listed specialty program platform, Kestrel Group Ltd, which began trading on the Nasdaq under ticker "KG." The combined entity will operate a capital-light, fee-based insurance platform that leverages exclusive fronting/management contracts with four A.M. Best A- carriers and retains an option to acquire those insurer subsidiaries from AmTrust Financial Group.

Gryphon Investors Makes Majority Growth Investment in Caylent

February 28, 2023

Cloud & SaaS

Gryphon Investors has made a majority growth investment in Caylent, a cloud-native AWS-focused services firm, to support the company’s capability expansion and go-to-market scale. East Los Capital exited its prior stake while Caylent’s management and Executive Chairman retained significant equity; financial terms were not disclosed.