Azimut Alternative Capital Partners acquired a 12.5% stake in middle-market private equity firm HighPost Capital, with an option to increase its stake to about 24.9%, according to Jeff Brown, CEO of Azimut.
HighPost is led by CEO David Moross, who also founded private equity firm Falconhead Capital; and Mark Bezos, general partner. Mr. Bezos is Jeff Bezos' brother and a director of the Bezos Family Foundation. HighPost focuses on opportunities with family-controlled and entrepreneur-led companies.
HighPost's investment team includes Kevin Mailender, senior managing director.
HighPost does not yet have assets under management, Mr. Brown said in an email. Azimut is investing in HighPost because Azimut executives see a potential for growth since HighPost has very strong private equity managers such as Messrs Mailender and Moross combined with the network, knowledge and competency of the Bezos family in the consumer sector, Mr. Brown said.