AIP Asset Management Inc.

September 30, 2015 11:30 ET

AIP Acquires Convertible and Non-Convertible Notes of a U.S. Asset Manager With Over $2 Billion in AUM/AUA

TORONTO, ONTARIO--(Marketwired - Sept. 30, 2015) - AIP Private Capital Inc. ("AIPPC") and AIP Asset Management Inc. ("AIPAM"), as security agent on behalf of certain of its funds, accounts and partners, executed a Note Purchase Agreement with Capital Guardian Holding, LLC ("Capital Guardian") pursuant to which Capital Guardian will issue to AIPPC and certain other purchasers (collectively, the "Holders") secured convertible notes and secured non-convertible notes in a maximum aggregate principal amount of $5 Million (collectively, the "Notes"). Each Holder has the right to convert at any time the convertible notes held by it into voting membership interests of Capital Guardian.

Capital Guardian is a leader in the Independent Securities Brokerage business and is a diversified hybrid Broker-Dealer, RIA, and Wealth Management firm with corporate offices in New York, Palm Beach, Miami, Naples, and Charlotte. Capital Guardian has approximately $2.5 Billion in AUM and AUA and has a national network of wealth advisors operating from 22 offices in 11 states that serve over 10,000 retail clients

AIPPC, an arm's length entity to AIPAM, acquired a portion of the Notes and will own up to a 7.5% membership interest in Capital Guardian representing compensation for the advisory services provided by AIPPC on this transaction. Alex Kanayev is a Managing Partner and shareholder of AIPPC, is also a shareholder and serves on the advisory board of AIPAM and has also been appointed to the board of directors of Capital Guardian effective October 1, 2015.

About AIP Asset Management - AIPAM is a Toronto based Investment Fund Manager, Portfolio Manager, and Exempt Market Dealer. AIPAM's core focus is to help clients, be they institutions, hedge funds, mutual funds, family offices, or retail investors, achieve their investment goals.

About AIP Private Capital - AIPPC, a privately-held investment firm, focuses on emerging growth companies primarily in Financial Services, Resources and Technology sectors with unique assets, strong business models and seasoned management teams with the skills and ability to grow the company quickly to profitability. AIPPC provides private equity/debt, VC, special situations investments and short-term financing as well as technical, board and managerial leadership. AIPPC is a member of the CVCA, TMA and was recently nominated for the Ernst and Young Entrepreneur of the Year Award.

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