Rosemont Partners acquired a 30% interest in Allegiance Capital. Terms of the deal were not disclosed, said David D. Silvera, a Rosemont Partners managing director. The stake was acquired from two unidentified private investors; one partners interest was purchased in its entirety, while the other retained a residual stake and a seat on the Allegiance board. Neither partner was active in Allegiances operations or investment process.
Allegiance manages $2.8 billion, mainly for institutional investors.