Investment Banking
Exclusive Financial Advisor to Crescent Cove on its Strategic Minority Sale to Virtus
December 16, 2025
On December 16, 2025, Virtus Investment Partners, Inc. (“Virtus”) (NYSE: VRTS) announced it has completed the acquisition of a 35% minority interest in Crescent Cove Advisors, LP (“Crescent Cove”), a San Francisco-based firm providing private capital solutions to middle market technology companies.
Crescent Cove manages approximately $1.0 billion1 in assets across multiple private funds, including closed-end funds and an evergreen fund, with a track record of delivering attractive risk-adjusted returns for its investors. The firm has established itself as an important capital partner for middle market technology companies in defense tech, autonomous driving, artificial intelligence and fintech sub-sectors.
The transaction broadens Virtus’ offerings by adding a differentiated private markets capability focused on lending to high-growth technology companies.
The transaction was funded through existing financial resources, the terms of which were not disclosed. Goodwin Procter LLP served as legal advisor to Virtus, while Oppenheimer & Co. Inc. acted as financial advisor and Morgan, Lewis & Bockius LLP served as legal advisor to Crescent Cove.
Name:
Gilbert Dychiao
Title:Co-Head of Investment Banking, Head of Financial Institutions Group and Managing Director
Name:
Daniel Whelan
Title:Associate
Name:
Jack Corbett
Title:Senior Analyst
Name:
Dane Cripps
Title:Analyst
DISCLOSURES
1As of November 30, 2025
This notice is provided for informational purposes only, and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. Nothing contained herein shall constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited.
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