– Sterling Investment Partners announced a strategic minority investment from PACT Capital Partners, an independent GP stakes investor focused on high-performing middle-market alternative asset management firms.
– PACT’s investment is passive and non-voting, with no changes to Sterling’s day-to-day management or investment process.
– The capital will support Sterling’s long-term priorities, including increased general partner commitments to future funds, additional equity incentives for investment professionals, and continued investment in resources and capabilities.
– Charles Santoro, James Soldano and Michael Barr, Managing Partners of Sterling, said in a joint statement: “We are proud to partner with PACT. PACT distinguished themselves through their differentiated approach to value creation and proven track-record of backing high-quality middle market managers.”
– Joseph J. Gault, Senior Partner at Sterling, said: “We are confident that our partnership with PACT will help strengthen our ability to deliver strong returns for our investors and to continue achieving excellence across our platform.”
– Christian von Schimmelmann, Founder and Managing Partner at PACT, said: “PACT seeks to partner with high-performing middle market investment firms that we believe have extraordinary investment expertise and operating capabilities to produce differentiated and consistent returns for their limited partners across cycles.”
– Brian Vickery, Founder and Head of PACT’s imPACT Platform, said: “We have been impressed by Sterling’s long-standing track record of delivering value and performance for their investors, continuity of leadership and culture, and demonstrated ability to build leading business platforms in the middle market. We are very excited to be Sterling’s strategic partner and to support the Firm’s next chapter.”
