Copley Equity Partners Invests In Tourmaline Partners
Private equity investor Copley Equity Partners has invested in Outsourced Trading provider Tourmaline Partners.
“We have followed Tourmaline closely for several years and have been impressed with their long-term vision and global expansion,” said Peter Trovato, Managing Partner at Copley Equity Partners. “Tourmaline has captured lightning in a bottle, as changes across the trading landscape – from MiFID II-driven unbundling, to liquidity fragmentation and cost pressures – have led the buy side to seek outsourced and supplemental trading solutions to gain efficiencies and improve trading performance.”
Tourmaline was founded in 2011 and provides services to more than 300 institutional investor clients.
“Building Tourmaline has been a labor of love, and we wanted to choose a partner that could get us to the next level without compromising our unique business model,” said Aaron Hantman, Tourmaline CEO and founding partner. “Since Copley Equity is a private family office with no brokerage-related services of its own, or investments in any brokerage firms, Tourmaline can continue to grow while remaining 100% conflict-free with the broad range of sell-side firms we trade with. We look forward to a close collaboration with Copley as we grow our business and continue to do great things for our clients.”
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