Z2 Investment Management ("Z2") a lower middle market private investment fund, is pleased to announce an investment in Coastline Wealth Management ("Coastline"), an independent wealth management platform headquartered on Long Island, NY.
NEW YORK, Jan. 6, 2025 /PRNewswire-PRWeb/ -- Z2 Investment Management ("Z2") a lower middle market private investment fund, is pleased to announce an investment in Coastline Wealth Management ("Coastline"), an independent wealth management platform headquartered on Long Island, NY. Z2 led an investment of first lien debt and preferred equity, with support from New York Credit SBIC Fund II, LP managed by Hamilton Lane (Nasdaq: HLNE) and Everside Capital Partners ("Everside"), which enabled Coastline to continue to pursue its acquisition growth strategy.
"We are excited to work with Z2, Hamilton Lane and Everside as we expand our business, add new resources, create jobs and improve our technology. We are dedicated to the quality and strength of our relationships with our advisors and clients. With institutional backing, we are now positioned to take advantage of the tremendous opportunity to merge with top tier wealth managers that value the Coastline platform." said Garrett Taylor, CEO of Coastline."
Scott Gold, Managing Partner at Z2, expressed his enthusiasm for the partnership, saying, "We are proud to support the talented team of advisors at Coastline. Z2 is focused on investing in high quality small businesses owned by families, management teams and/or small investor groups in the United States. Our investment in Coastline underscores Z2's commitment to partnering with proven entrepreneurs in fulfilling their long-term growth plans."
About Z2 Investment Management
Z2 launched in 2022 to focus on lower middle market private debt and structured equity investments to US-based, non-sponsored companies. The firm makes investments ranging in size from $10MM to $50MM primarily in first lien term loans and preferred equity. Our target investment criteria are focused on identifying privately-held operating companies with $3-20 million of EBITDA, owned by families, management teams and/or small investor groups, and based in the United States. Typically, the companies that Z2 invests require capital beyond what bank financing sources offer, but whose owners are not ready for a sale of the business. We design our investments to meet the needs of our clients and work diligently to create structures that help companies achieve their goals. For more information, please visit us at www.z2mgmt.com
About Everside Capital Partners
Everside is an SEC-registered investment advisor, as well as an SBIC (Small Business Investment Company) license holder based in New York, NY. With over $1.9 billion in assets under management across its funds, Everside partners with leading SBIC managers in the lower middle market through its primary and secondary investing strategies, and also makes direct credit and equity investments in small businesses through its direct investing strategies. As a flexible capital provider, Everside offers debt and structured equity solutions for recapitalizations, acquisitions, liquidity events, and management buyouts. For more information, please visit us at www.everside.com
About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 700 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has more than $940 billion in assets under management and supervision, composed of nearly $130 billion in discretionary assets and more than $810 billion in non-discretionary assets, as of June 30, 2024. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit our website or follow Hamilton Lane on LinkedIn.
About Coastline Wealth Management
Coastline Wealth Management, founded in 2012, is a Long Island, NY-based independent wealth management platform with ~$2.5 billion of assets under management/advisement. Coastline services over 5,000 client accounts primarily across the East Coast of the United States. The Company, whose core focus is servicing its client base, has grown through a series of acquisitions as it continues to build its industry leading, technology-enabled platform. Coastline continues to be a leading consolidator in the wealth management industry and is actively pursuing additional wealth advisor acquisitions (~$50MM to $500MM in assets) as part of its core growth story. By focusing on maximizing the value of advisory practices, Coastline empowers advisors to create sustainable, long-term strategies for transitioning their businesses, ensuring both financial stability and continuity for their clients. It's expertise in navigating the complexities of succession planning enables advisors to secure their legacy while optimizing growth potential, ultimately fostering a seamless transition that benefits all stakeholders involved.
The content is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect to any products or services. Investing carries inherent risks, and there is no guarantee of maintaining the principal amount invested.
Media Contact
Jake Sussman, Z2 Investment Management, LP, 1 914-504-2336, [email protected], www.z2mgmt.com
SOURCE Z2 Investment Management, LP
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