RidgeLake Partners acquires minority stake in Newbury Partners

(Opalesque) Newbury Partners, a leading secondaries investment manager, today announced that RidgeLake Partners has acquired a passive, minority interest in the firm. The minority investment from RidgeLake, a strategic partnership between PA Capital and Ottawa Avenue Private Capital that focuses on acquiring minority equity stakes in middle market private equity firms, will support the future growth of Newbury and strengthen the Firm’s alignment.

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