London – October 27, 2022 – Prytania Asset Management (“Prytania” or the “Firm”) an investment manager founded in 2003 as an independent specialist in structured credit, announced that Nile Capital Group Holdings, LLC (“Nile”) has completed a minority, non-controlling investment in the Firm. Financial terms of the transactions were not disclosed. Prytania invests in a broad range of ABS, CLOs and private credit assets on behalf of clients in the US, Europe, the UK and Australia. The investment will enable the Firm to continue to focus on providing clients with superior investment performance, while Nile assists with strategic value creating growth initiatives.
“We are excited to welcome Nile as a partner as we continue to expand our platform to take advantage of the appeal of our strategies to the institutional investment community,” said Mark Hale, Chief Executive Officer and Chief Investment Officer of Prytania, who will continue to lead the business. “Nile’s partnership provides us with additional resources to strengthen our commitment to providing our clients with strong risk-adjusted returns, complementary strategies, and develop deeper relationships in the institutional investor universe. We have a deep commitment to providing value to our clients, fostering a culture of innovation, and striving for excellence among our team, and will continue to invest in our people, processes, and systems. The current challenging economic environment is an ideal time to establish this partnership with Nile and expand our reach to institutional and private wealth platforms.”
Nile is a long-term investor and has primarily purchased interests from outside minority holders, while Prytania staff are all staying with the business and will maintain a large stake in the Firm. The team remain focused on creating strong risk-adjusted returns for clients over time. The timely diversification benefits of structured credit as a hedge to rising interest rates and inflation, combined with Prytania’s position as one of the longest established managers in the industry, leave the Firm well-placed to capitalize on the compelling opportunities in the sector currently.
“With our team’s approach to methodically scaling performance-driven investment managers, we look forward to collaborating with Mark and his skilled leadership team to promote innovation, enhance offerings and accelerate the Firm’s growth, as the Prytania team maintains its focus on performance and delivering unique and uncorrelated sources of alpha,” said Melvin Lindsey, Managing Partner of Nile. “We are excited about the talent that has been assembled and the core competencies Prytania has built. We are confident that through the support of Nile and our T.I.D.E.S.® operational Framework, the Firm will further establish itself as a leading performer in the structured credit segments of investor’s portfolios.”
About Prytania Asset Management
Prytania Asset Management is one of the most experienced specialists in structured credit focusing on developed markets in the US, the UK, and Europe. Founded in 2003, the Firm manages liquid fixed income and alternative credit investments (both public and private) and offers both commingled investor funds and tailored separate account solutions. The Firm is headquartered in London with offices in New York and Chicago and is both SEC and FCA registered. More informaiton is available at www.prytania.com.
About Nile Capital Group Holdings
Nile Capital Group Holdings, LLC is a private equity firm specializing in acquiring GP stakes of performance-driven asset management firms at a critical inflection point in their life cycle. Nile seeks to partner with talented and innovative investment managers that can benefit from its growth capital and proprietary T.I.D.E.S.® operational framework, which has proven successful across various asset classes, firms, and business cycles. The firm is headquartered in Los Angeles. More information is available at www.nilecapitalgroup.com.