White Oak Equity Partners (White Oak), a private equity investor focused on acquiring minority GP interests in hedge funds, has acquired stake in ROW Asset Management (ROW), a systematic quantitative global macro investment firm.
Terms of the transaction have not been disclosed.
The transaction and new partnership provides ROW, which has over USD800 million in assets under management, with additional financial flexibility to be more opportunistic as it seeks to grow its capabilities and assets. ROW will continue to be led by Ryan O’ Grady (pictured), co-founder and Chief Executive Officer, and Jeffrey Weiser, co-founder and President, who will retain control over the firm’s day-to-day operations as well as its investment and research processes. White Oak will play a strategic role in helping ROW pursue and achieve its business objectives over the near- and longer-term, including the expansion of its trading and execution infrastructure, team, and assets under management.
“We are thrilled to partner with the ROW team, whose differentiated approach and breadth of experience in quantitative investing has led them to stand out among CTAs and outperform in multiple market environments,” says Bruce Wilson, Chief Executive Officer of White Oak. “We invested in ROW because we believe the firm is very well positioned for continued success, backed by an innovative leadership team that has worked together for more than two decades. We are excited to play a strategic role in helping the firm and its investors achieve their goals and look forward to a long-term relationship.”
O’ Grady adds: “We have a longstanding relationship with the principals of White Oak, who have extensive experience in the hedge fund business as well as a strong understanding of ROW, our culture, and our potential. We are pleased to be partnering with White Oak as we seek to continue to strengthen and expand our investment capabilities.”
