SGAM Advisors LLC becomes majority equity owner of Penn Capital and SR Alternative Credit
Acquiring Company
HCM II Acquisition
Acquired Company
Penn Capital Management Company and SR Alternative Credit
District Of ColumbiaFinancial ServicesVenture CapitalFinancial ServicesFinanceVenture CapitalAngel InvestmentLendingDescription
Seaport Global Holdings LLC announced its subsidiary, SGAM Advisors LLC, has become the majority equity owner of Penn Capital Management Company, Inc. and SR Alternative Credit LLC, expanding Seaport Global’s investment in the asset management vertical with greater than $2 billion of assets under management.
Quick answer
HCM II Acquisition is acquiring Penn Capital Management Company and SR Alternative Credit, announced July 18, 2024. HCM II Acquisition is based in District Of Columbia, United States.
- How much did HCM II Acquisition pay for Penn Capital Management Company and SR Alternative Credit?
- The deal value was not disclosed.
- What does HCM II Acquisition do?
- HCM II Acquisition Corp. is a special-purpose acquisition company.
- Where are HCM II Acquisition and Penn Capital Management Company and SR Alternative Credit based?
- HCM II Acquisition is based in District Of Columbia, United States.
- Who are the decision-makers at HCM II Acquisition?
- Fundz holds 4 contacts at HCM II Acquisition. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at HCM II Acquisition, and when
When HCM II Acquisition changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
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Frequently asked
Who acquired Penn Capital Management Company and SR Alternative Credit?
Penn Capital Management Company and SR Alternative Credit was acquired by HCM II Acquisition, based in District Of Columbia. The deal was reported on July 18, 2024. HCM II Acquisition Corp. is a special-purpose acquisition company. It focuses on acquiring companies in various industries. The firm aims to support growth for the acquired entities. HCM II Acquisition is privately held and operates in Financial Services.
When did HCM II Acquisition acquire Penn Capital Management Company and SR Alternative Credit?
HCM II Acquisition's acquisition of Penn Capital Management Company and SR Alternative Credit was reported on July 18, 2024. Seaport Global Holdings LLC announced its subsidiary, SGAM Advisors LLC, has become the majority equity owner of Penn Capital Management Company, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penn Capital Management Company and SR Alternative Credit do?
Penn Capital Management Company, Inc. is a boutique SEC registered investment management firm based in Philadelphia, PA, focusing on equities and corporate debt fund management. It is privately held, operating in Financial Services.
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