Business
Virtus Investment Partners Announces a Strategic Minority Interest Investment in Crescent Cove Advisors, LP
HARTFORD, Conn., December 16, 2025--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-manager asset management business, today announced it has completed the acquisition of a 35% minority interest in Crescent Cove Advisors, LP ("Crescent Cove"), a San Francisco-based firm providing private capital solutions to middle market technology companies. The transaction broadens Virtus’ offerings by adding a differentiated private markets capability focused on lending to high-growth t
About this update from Virtus Investment Partners, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/bf431a8704799a15895eb7543af4a9b0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/efJjPbdcEPUe71WL8LdxzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/bf431a8704799a15895eb7543af4a9b0","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Amh6G7ZmreBcdJJVVaLizg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/bf431a8704799a15895eb7543af4a9b0","width":1024,"height":512}},"lazy":false},{"type":"text","content":"Adds Differentiated Private Markets Capability focused on Direct Lending to High-Growth Technology Companies","length":108,"tagName":"p","attribs":{}},{"type":"text","content":"HARTFORD, Conn., December 16, 2025--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS), which operates a multi-manager asset management business, today announced it has completed the acquisition of a 35% minority interest in Crescent Cove Advisors, LP ("Crescent Cove"), a San Francisco-based firm providing private capital solutions to middle market technology companies. The transaction broadens Virtus’ offerings by adding a differentiated private markets capability focused on lending to high-growth technology companies.","length":547,"tagName":"p"},{"type":"text","content":"Founded in 2016, Crescent Cove manages approximately $1.0 billion in assets1 across multiple private funds, including closed-end funds and an evergreen fund, with a track record of delivering attractive risk-adjusted returns for its investors. It has established itself as an important capital partner for middle market technology companies in defense tech, autonomous driving, artificial intelligence and fintech sub-sectors.","length":426,"tagName":"p"},{"type":"text","content":""Crescent Cove offers a compelling opportunity for investors to gain exposure to the venture and growth credit asset class in a risk-managed way," said George R. Aylward, president and chief executive officer of Virtus. "What began as a $10 million fund has been transformed by Crescent Cove’s founder into an impressive growth-lending platform.&quo...