Hunter Point Capital agreed to acquire a minority stake in Pretium Partners, an alternatives manager that focuses on U.S. residential real estate, and corporate and structured credit.
Terms of the deal, including the size of the stake and when it will close, were not disclosed in a joint news release Feb. 27.
Hunter Point Capital, an investment firm seeking minority stakes in middle-market alternative managers, was founded in October 2020 by GSO Capital co-founder Bennett Goodman, and Avshalom Kalichstein, former managing principal at Easterly Partners Group.
HPC's previous investments include a minority stake in managers Iron Park Capital in 2022 and Inflexion Private Equity Partners in 2023.
Pretium was founded in 2012 by Don Mullen, a former partner and member of the management committee at Goldman Sachs Group who had been head of its securities division's global credit and mortgage businesses.
The minority investment creates a strategic partnership that will "enable the firm (Pretium) to expand into adjacent areas to create additional value for its clients, residents, and employees," according to the news release.
"This milestone is a testament to the accomplishments of our 4,400-plus person team and the many opportunities that lie ahead for our firm," said Mullen, who is also Pretium Partners' CEO, in the news release. "We look forward to drawing upon HPC's strategic expertise, value-added operational capabilities, and global network to propel Pretium's development into our second decade."
Pretium Partners has more than $50 billion in assets under management.