Northill Capital has invested $30 million (£19.3 million) in global investment firm Wellfield Partners and $25 million in Singapore-based equity manager Ellis Munro.
According to a company statement, Northill has now spent $150 million of its $1 billion capital on investments.
Northill’s co-chief executive Jon Little will sit on the Wellfield partnership committee after completing an 80 per cent stake in the company. Committing $30 million of seed capital to Wellfield for a minimum of three years, Little is confident about the acquisition.
He says: ‘Wellfield has a strong track record and we are committed partners for the long-term to support their vast potential for growth as part of our ambitions to build a diversified portfolio of asset management businesses.’
Established in November 2010, Northill now owns stakes in three other UK-based money managers Alpha Strategic, Goldbridge Capital Partners and Wellfield Partners. Northill is part of the Kedge Capital family office that manages the $15 billion Bertarelli family trust.
Little adds: ‘We’ll now be turning our attention to even bigger deals as we see a lot of potential in the $500 million to $1 billion space, and we have plenty of firepower.’