Pier Asset Management LLC
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Pier Asset Management is a private credit investment firm specializing in niche deals within the specialty finance sector. The firm primarily issues senior secured credit facilities to lenders who utilize the capital to originate loans and purchases loan portfolios in the secondary market from sellers. As a boutique asset manager, Pier focuses on deals ranging from $1 million to $25 million, investing in areas often overlooked by larger institutions. Product Breakdown Pier Asset Management offers a range of investment products tailored to the specialty finance market: Credit Facilities: The firm provides senior secured credit facilities to lenders, enabling them to originate loans across various sectors, including consumer, small business, real estate, and niche markets. Secondary Portfolios: Pier purchases loan portfolios in the secondary market from sellers, either directly from the originator or a downstream asset holder, facilitating liquidity and capital reallocation within the specialty finance ecosystem. Creative Debt Financing: The firm engages in unique opportunities such as purchasing loans at origination through forward flow agreements, participating in credit facility syndications, and investing in unique credit products originated by platforms.
Keywords
Keywords
Classified
Private