Upwelling Capital Group (“Upwelling”) is delighted to announce the successful completion of a secondary sale on behalf of Brightwood Capital Advisors (“Brightwood”), a private credit firm. The sale, consisting of private credit assets, was purchased by Tikehau Capital (“Tikehau”), a global alternative asset management firm, for an undisclosed amount.
Upwelling was proud to serve as an advisor to Brightwood and the institutional seller, supporting the transaction to a close.
About Upwelling Capital Group
Founded in 2011, Upwelling Capital Group LLC (“Upwelling”) is a registered investment adviser that provides customized strategies and solutions to enhance the overall returns for premier alternative investors. Upwelling specializes in providing secondary liquidity solutions across asset classes and capital structures. Principals have cumulatively overseen over $50 billion in global private equity commitments and have successfully managed over $5 billion in legacy, tail-end commitments, transfers, and workouts for leading institutional investors. Securities offered through BA Securities, LLC. Member FINRA / SIPC
About Brightwood Capital Advisors
Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle-market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.
Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage approximately $6 billion of assets (as of June 30, 2024) on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.
About Tikehau Capital
Tikehau Capital is a global alternative asset management group with €46.1 billion of assets under management (at 30 June 2024). Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.1 billion of shareholders’ equity at 30 June 2024), the Group invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 762 employees (at 30 June 2024) across its 17 offices in Europe, the Middle East, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.
