Deals
Bennett Goodman’s Hunter Point, ADQ Buy Stake in Vistria Group
- Vistria has about $9.5 billion in assets under management
- Chicago firm is set to open New York City office next summer
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Bennett Goodman’s Hunter Point Capital and Abu Dhabi sovereign wealth fund ADQ acquired a stake in Vistria Group, an investment firm which aims to advance social change through the companies it backs.
The Chicago-based firm intends to use proceeds from the transaction to fund growth and expand ownership among senior employees, said Kip Kirkpatrick, the firm’s co-chief executive officer alongside Marty Nesbitt. The deal represents a stake of less than 20% in Vistria, according to a person familiar with the matter who asked not to be identified discussing private information.