Walter Global Asset Management (WGAM), the private equity unit of Canadian investment group Walter Financial, is acquiring a minority stake in Madryn Asset Management, a US manager that focuses on investments in healthcare innovation.

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WGAM’s model of investing in a diverse range of asset managers has seen it partner with Montreal-based equity manager LionGuard Capital Management and private credit shop Kilgour Williams Capital.

New York-based Madryn, which has deployed more than $1bn since its inception, provides credit and equity to healthcare and life sciences firms.

Source: Private Equity Wire

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