Sector developments and company hires

Equity interest acquired
Affiliated Managers Group has acquired a minority equity interest in Comvest Partners. The Comvest management team will be investing 100% of the transaction proceeds directly into future funds to support the firm’s growth initiatives. Following the transaction, the senior partners of Comvest will continue to own a significant majority of the equity of the business.

HPI partnership formed
dv01 has partnered with HouseCanary to leverage the HouseCanary Home Price Index (HPI) and provide investors with a more detailed analysis of the non-QM and credit risk transfer datasets on the dv01 platform. The partnership aims to provide investors with access to accurate home price appreciation data and updated LTV calculations to better assess underlying asset collateral, thereby making more informed risk management decisions when purchasing MBS. The HouseCanary HPI is a comprehensive and localised dataset that tracks home prices nationwide, with over 40 years of historical data that covers more than four million census blocks in the US to ensure the most accurate and local forecasts.