Securities Finance Industry News | South Street raises capital from BlackRock and BC Partners

South Street Securities Holdings (South Street) announced the completion of the sale of $90 million of secured notes and warrants to certain funds and accounts managed by BlackRock and BC Partners.

South Street operates through its wholly owned subsidiaries. The Company’s affiliates include South Street Securities, a repo brokerage financing U.S. Treasuries, Agency MBS, a mortgage hedging and equity finance company, and Matrix Applications, a technology services and back-end company. office.

Other affiliates are South Street Capital Management, an asset management firm, and AmeriVet Securities, a disabled veteran and minority-owned broker.

Established in 1986, BC Partners has since made 117 private equity investments in companies with a total enterprise value of €149 billion, and is currently investing its eleventh private equity fund.

Pi Capital International and AmeriVet Securities served as financial advisors to South Street in this transaction.

Commenting on the sale, South Street CEO Jim Tabacchi said, “This capital allows us to accelerate the growth of our financial and technology businesses.”

Steve Kavulich, Director of BlackRock, adds: “Jim and his senior team have done a great job building South Street over nearly two decades and we are delighted to partner with him as he continues to grow the business.”

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