Nassau Financial Group and Angel Island Capital Management announced today their merger. Nassau Asset Management LLC, Nassau’s asset management business, has acquired AIC.
AIC, founded in 2008 by Golden Gate Capital, is a speciality credit investment business with $3.6 billion in assets under management, including about $300 million in balance sheet capital. Alex Dias, CEO and Managing Director, and Jonathan R. Insull, Lead Portfolio Manager and Managing Director, will continue to lead AIC.
AIC will complement Nassau’s existing asset management businesses, adding new credit capabilities to its suite of specialty finance strategies. Nassau’s asset management business currently oversees more than $18 billion of assets as of September 30, 2022, of which $7.4 billion are third-party assets and managed across the company’s investment strategies.
Nassau increases its capital by $300 million and AUM by $3.6 billion Angel Island Capital merges into Nassau’s Asset Management segment Expands Nassau’s asset management capabilities and accelerates Angel Island’s growth strategy.
