GTCR LLC entered into an agreement to buy a stake in LeverPoint Management LLC from the New York Credit SBIC Fund LP managed by an affiliate of Hamilton Lane Inc.
LeverPoint will be integrated into GTCR's portfolio company Ultimus Fund Solutions LLC, with its CEO David MacPhee becoming the CEO of Ultimus' Private Fund Solutions business.
Financial terms of the deal were not disclosed. The deal is expected to close in the fourth quarter.
LeverPoint provides fund administration, accounting, tax and management company services to private equity, venture capital, real estate and other alternative asset managers and owners.
Macquarie Capital was the exclusive financial adviser and Pepper Hamilton was the legal counsel to LeverPoint and its shareholder, the SBIC Fund. Latham & Watkins provided legal counsel to Ultimus and GTCR.
