[ad_1]
Exponance Arts Solutions LLC, an alternative subsidiary of Exponance Inc., a female-led, employee-owned investment firm, has acquired a minority stake in Copia Group LLC, a private investment firm. Financial terms of the deal were not disclosed.
Xponance Alts Solutions said it will make a general partnership minority investment in Copia and a limited partner commitment in its first private credit offering. Xponance Alts’ strategy is to partner with diverse and/or women-owned alternative managers within the private equity, private credit, infrastructure and real estate sectors.
Founded in 2022 by Shundrawn Thomas and Anthony Hoye, Copia invests in established lower middle market companies with scalable and sustainable business models. The company’s strategy is to provide tailored deal structures for its portfolio companies while limiting equity dilution, with the goal of increasing wealth creation for underserved entrepreneurs and their communities.
“Exponance’s track record of excellence in investment management and success in partnering with diverse asset managers is well established in the market,” Thomas, who is also a managing partner at Copia Group, said in a statement. . “The alignment of mission and values with XAlts creates a clear partnership that will enable Copia Group to deliver on the triple bottom line: revenue, inclusion, and impact.”
The investment in Copia is Xponance Alts’ first investment in an emerging manager and its sixth general partnership investment since its inception in 2021.
“Copia Group is committed to delivering competitive investment returns while creating significant social impact,” said Tina Biles-Williams, founder and CEO of Xponance, in a statement. is very much in line with Xponance’s mission to turn access into alpha.” She said, “XAlts is making this investment in companies and teams that share our core values, partnering with us to drive growth.”
Xponance Alts’ parent company (formerly FIS Group) had $16.6 billion in assets under management at the end of 2023.
Related article:
Xponance Appoints New CIO for Alternatives Manager
Improving the diversity of foundation asset management companies
Marcy Rappaport named director of business development and consultant relations at Xponance
###
Tags: Alternative Investing, Anthony Hui, Copia Group, GP Investing, LP Investing, Ponance, Shundren Thomas, Tina Biles Williams, Women Owned, Xponance Alts Solutions
[ad_2]
Source link