Hilton Capital acquires minority stake in New Century Advisors

Hilton Capital Management acquired a strategic minority, non-controlling stake in New Century Advisors, Emerging Manager Monthly reported on Oct. 7.

The report did not disclose a price, percentage, assets under management, closing date, or how the holding is structured.

For allocators, the material unknowns are how much of New Century Hilton holds, whether the investment team retained equity, and what governance rights the position carries.