Schulte represented Latigo Partners LP in connection with the acquisition of its investment management business by Pretium Partners LLC, an alternative investment firm with more than $14 billion in assets under management. The acquisition will maximize Pretium’s distressed credit investment capabilities in the corporate credit market. Latigo Partners is a fund manager that specializes in event-driven investing. Latigo’s strategies include distressed securities, special situations and long/short credit and equity investing. The deal closed in February 2020.
The Schulte team advising Latigo Partners was led by investment management partner and co-head of the Investment Management Group David Nissenbaum and M&A and securities associate Matthew Greenberg. The team also included tax partner Elie Zolty and associates Max Levine and Joseph Reich; intellectual property, sourcing and technology special counsel Scott Kareff; investment management associate Gwendolen Akard; and employment & employee benefits associate Adam Gartner.