Corvid Peak Capital Management Announces Closing of Coherence Capital Management Team Acquisition
Summary
Mr. Naro brings over 40 years of experience managing credit risk and leads a seasoned investment team including Vincent Mistretta, Mike Cannon and Sanjay Aiyar. “Their proven track record and addition of their credit strategy will complement our business very well.” Formed in 2019 by Mark Black in partnership with Tiptree Inc., Corvid Peak is a New York-based asset manager and SEC registered investment advisor. The firm has more than $1.2 billion of assets under management and invests in U.S. and European performing and non-performing credits alongside publicly traded equities. Tiptree Inc. (NASDAQ: TIPT) allocates capital to select small and middle market companies with the mission of building long-term value. With proprietary access and a flexible capital base, Tiptree seeks to uncover compelling investment opportunities and support management teams in unlocking the full value potential of their businesses.