NEW YORK, December 8, 2020 - Proskauer, a leading international law firm, today announced that it acted for Ten Coves Capital, LP in its formation as an independent private equity firm with an exclusive focus on investments in high-growth FinTech companies. Ten Coves assumes management of the two Napier Park Financial Partners growth equity funds, with an aggregate of $325 million in committed capital, and will continue to support existing growth equity portfolio companies and investors.
The firm will be led by Managing Partners Steve Piaker, Dan Kittredge and Ned May, who will be joined by Steve Lula and Kyle Kruse. Manu Rana will participate as a Founding Partner and Senior Advisor; he will remain a Partner at Napier Park continuing to lead their real assets investment business.
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