LOS ANGELES and LONDON, May 17,
2019 /PRNewswire/ -- Marlin Equity Partners, a global
investment firm, today announced that Blackstone's (NYSE: BX)
Strategic Capital Group has made a passive, minority investment in
the firm.
Blackstone's Strategic Capital Group is part of Blackstone
Alternative Asset Management (BAAM) and specializes in minority
partnerships with leading alternative asset managers. This
investment will allow Marlin to continue to invest in and further
expand its global investment platform, strengthen the commitment to
and alignment with its diversified investor base, and leverage the
global resources and capabilities of Blackstone.
Since its inception in 2005, Marlin has rapidly grown to become
a leading global investment firm with over $6.7 billion of capital under management and
completed more than 140 transactions across its core targeted
industries, including software, technology, healthcare IT,
tech-enabled services and industrial technology.
"This investment by Blackstone further validates the
best-in-class organization we have built and the true value
proposition of our relationship-driven approach to investing," said
David McGovern, Founder and CEO of
Marlin. "We are excited to welcome Blackstone as a strategic
partner, and look forward to leveraging their expertise and
extensive breadth of resources to continue to invest in and
position our global platform for long-term success."
"Marlin's approach to investing places a heavy focus on
partnering with management teams to support businesses, enhance
operations and accelerate growth," said Scott Soussa, Head of BAAM's Strategic Capital
Group. "This emphasis on long-term value creation across its
underlying companies positions Marlin for continued success and we
are excited to partner with them."
Terms of the transaction were not disclosed.
Evercore acted as financial advisor to Marlin Equity.
Kirkland & Ellis LLP served as legal counsel to Marlin Equity
and Simpson Thacher & Bartlett served as legal counsel to
Blackstone.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over
$6.7 billion of capital under
management. The firm is focused on providing corporate parents,
shareholders and other stakeholders with tailored solutions that
meet their business and liquidity needs. Marlin invests in
businesses across multiple industries where its capital base,
industry relationships and extensive network of operational
resources significantly strengthen a company's outlook and enhance
value. Since its inception, Marlin, through its group of funds and
related companies, has successfully completed over 140
acquisitions. The firm is headquartered in Los Angeles, California with an additional
office in London. For more
information, please visit www.marlinequity.com.
About Blackstone Alternative Asset Management
Blackstone Alternative Asset Management (BAAM®), Blackstone's Hedge
Fund Solutions platform, is the world's largest discretionary
investor in hedge funds, with approximately $80 billion in assets under management. BAAM
manages a diversified set of businesses including a customized
solutions business, a special situations platform, a hedge fund
seeding business, an open-ended mutual fund platform and a business
that purchases stakes in established alternative asset managers. In
all of BAAM's business lines, it carefully selects and partners
with fund managers across a variety of asset classes and strategies
to create solutions for its investors. Through its sharp focus on
clients' goals, a rigorous due-diligence process and access to
Blackstone's global insights, BAAM strives to generate attractive
risk-adjusted returns across market cycles while preserving capital
during stressed market environments.