REG-Tetragon Financial Group Ltd: Tetragon Financial Group Limited Announces Sale of Minority Equitix Stake to Hunter Point Capital

Tetragon FinancialAnnouncement

Today 07:00

 

Tetragon Financial Group Limited Announces Sale of Minority Equitix Stake
to Hunter Point Capital

 

LONDON, June 16, 2025 -- Tetragon Financial Group Limited today announces that
Hunter Point Capital, or HPC, an independent investment firm providing
capital solutions and strategic support to alternative asset managers, has
agreed to acquire a minority stake in Equitix, a leading international
investor, developer and fund manager in infrastructure.

HPC is acquiring a 16.1% stake in the business at an implied enterprise value
of £1.3 billion, excluding net debt. HPC's stake is being acquired from two
existing shareholders: approximately 14.6% from TFG Asset Management,
Tetragon's diversified alternative asset management business, and 1.5% from
Equitix management.

Equitix was founded in 2007 and Tetragon acquired a controlling stake in the
business in 2015. Since being acquired by Tetragon, Equitix has grown from
£1.3 billion to over £11.7 billion in assets under management with a broad
sector reach across social infrastructure, transport, renewable power,
environmental services, network utilities and data infrastructure.

Stephen Prince, CEO of TFG Asset Management, said: "Following ten years of
strong growth, Equitix is at an inflection point. This transaction enables
Tetragon to realize some of the value created in the business, while remaining
invested with a trusted partner in a sector where we continue to see
significant runway for innovation and growth. In HPC we found an experienced
minority partner, bringing additive relationships and expertise to seek to
enhance Equitix's continued innovation and development."

"We are thrilled to be adding Equitix to our GP Stakes portfolio and to join
Tetragon in this next phase of exciting growth for one of Europe's leading
infrastructure managers. The Equitix team has built a market-leading firm
offering a differentiated value proposition to investors. We look forward to
engaging with Equitix as it continues to scale its platform globally and to
launch new products to meet the evolving needs of institutional investors,
building on its prior experience of value creation and impact," said Avi
Kalichstein, CEO and Co-Founder of HPC.

Hugh Crossley, CEO of Equitix commented: "Equitix was founded as a responsible
long-term investor in infrastructure assets, primarily focused on the UK. It
has now evolved into an infrastructure developer and fund manager with over
300 assets in 24 countries and more than 400 employees. I am incredibly proud
of what Equitix has achieved; we are a trusted partner managing global
infrastructure assets, which we believe materially contribute to the lives of
the communities they serve. I look forward to leading our team as it seeks
continued growth and success in partnership with Tetragon, and now with HPC
onboard."

Equitix is part of Tetragon's platform for alternative asset managers, TFG
Asset Management, which will remain the majority owner, alongside HPC and
management. There will be no changes to the governance, investment process or
day-to-day management of Equitix.

HPC's acquisition is subject to customary closing conditions, including
required regulatory approvals.

BofA Securities served as financial advisor and Dechert LLP served as legal
counsel to Tetragon. Latham & Watkins LLP served as legal counsel to HPC. 
Ashurst LLP served as legal counsel to Equitix management.

About Tetragon:

Tetragon is a Guernsey closed-ended investment company. Its non-voting shares
are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam
N.V., and also traded on the Specialist Fund Segment of the Main Market of the
London Stock Exchange. Our investment manager is Tetragon Financial Management
LP.  Find out more at www.tetragoninv.com.

Tetragon's non-voting shares are subject to restrictions on ownership by U.S.
persons and are not intended for European retail investors. Please see:
 https://www.tetragoninv.com/shareholders/additional-information.

Investor Relations
Yuko Thomas
ir@tetragoninv.com

Media Inquiries 
Prosek Partners
pro-tetragon@prosek.com 

About Hunter Point Capital LP:

Hunter Point Capital (HPC) is a leading independent investment firm providing
capital solutions and strategic support to alternative asset managers across
the globe. HPC believes that being a strategic partner for growth to
investment managers makes it a preferred choice for successful and promising
GPs seeking tailored capital solutions. For more information, please
visit www.hunterpointcapital.com.

Media Inquiries

Joshua Rosen/Madison Hanlon
Prosek Partners
pro-hunterpointcapital@prosek.com

This release contains inside information within the meaning of Article 7(1) of
the EU Market Abuse Regulation (2014/596/EU), or EU MAR, and of the UK version
of EU MAR as it forms part of UK law by virtue of the European Union
(Withdrawal) Act (as amended).

This release does not contain or constitute an offer to sell or a
solicitation of an offer to purchase securities in the United States or any
other jurisdiction. The securities of Tetragon have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States or to U.S. persons unless they are
registered under applicable law or exempt from registration. Tetragon does not
intend to register any portion of its securities in the United States or to
conduct a public offer of securities in the United States. In addition,
Tetragon has not been and will not be registered under the U.S. Investment
Company Act of 1940, as amended, and investors will not be entitled to the
benefits of such Act. Tetragon is registered in the public register of the
Netherlands Authority for the Financial Markets (Autoriteit Financiële
Markten) under Section 1:107 of the Dutch Financial Markets Supervision Act as
an alternative investment fund from a designated state.

Merrill Lynch International (BofA Securities), a subsidiary of Bank of
America Corporation, which is authorised by the Prudential Regulatory
Authority and regulated by the Financial Conduct Authority and the Prudential
Regulatory Authority in the United Kingdom, is acting exclusively for
Tetragon and for no one else in connection with the transaction and will not
be responsible to anyone other than Tetragon for providing the protections
afforded to its clients or for providing advice in connection
with the transaction.


 SOURCE:  Tetragon Financial Group Limited

 



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