Exclusive: Capital Dynamics Buying HRJ Capital
peHUB has learned that Capital Dynamics of Switzerland has signed an agreement to buy HRJ Capital, a Silicon Valley fund-of-funds manager that last year defaulted on a warehouse loan from Silicon Valley Bank. Financial terms are being held close to the vest, although sources say that the transaction will include a partial repayment of the $68.9 million debt. A final close is not expected to occur for at least a month, because HRJ needs to get limited partner approval for the change of management company. This deal would cap off a traumatic year for HRJ, a firm formed in 1999 by ex-NFL stars Harris Barton and Ronnie Lott.
31 March 2009•3 mins read
