RedBird Capital Partners LLC and Reverence Capital Partners LP completed the acquisition of Vida Capital Inc., an alternative asset management platform.
Financial terms of the deal were not disclosed.
Vida Capital President and CEO Jeff Serra and members of the management team will invest alongside the investment firms.
Austin, Texas-based Vida Capital received financial advice from Moelis & Co. and legal advice from Vinson & Elkins LLP. RedBird Capital Partners and Reverence Capital Partners received legal counsel from Fried Frank Harris Shriver & Jacobson LLP.
RedBird is a growth-focused private equity firm based in New York and Dallas.
Reverence Capital Partners is a private investment firm focused on thematic investing in global, middle-market financial services businesses.
