361 Capital, a Denver, CO-based asset management firm specializing in liquid alternative investments, received an investment from Lovell Minnick Partners, a private equity firm focused on financial services.
Transaction terms were not disclosed but it is known that Lovell Minnick Partners will assume a minority ownership stake in the firm.
361 Capital will use the proceeds to accelerate expansion adding new funds through partnerships with hedge fund managers and managers of alternative mutual funds, who will serve as sub-advisors to the new funds.
Founded in 2001 and led by Tom Florence, CEO, 361 Capital specializes in liquid alternative investments such as managed futures, long/short equity, multi-strategy, and global macro strategies, accessible through mutual funds, limited partnerships, and separate accounts.
It distributes its products through investment advisors and institutions.