Corporate MovesMarch 21, 2024

Xponance Alts Unit Acquires Minority Stake in Copia Group

Woman-owned firm aims to invest in diverse investment companies.

Reported by Michael Katz

Xponance Alts Solutions LLC, the alternatives subsidiary of woman-led and employee-owned investment firm Xponance Inc., has acquired a minority stake in private investment firm the Copia Group LLC. Financial terms of the deal were not disclosed.

According to Xponance Alts Solutions, it will make a general partnership minority investment in Copia and a limited partner commitment in its first private credit offering. Xponance Alts’ strategy is to partner with diverse and/or women-owned alternative managers within the private equity, private credit, infrastructure and real estate sectors.

Copia, founded in 2022 by Shundrawn Thomas and Anthony Hoye, invests in established lower middle market companies with scalable, sustainable business models. The company’s strategy is to provide deal structures tailored to portfolio companies while limiting equity dilution, with the aim of increasing wealth creation for underserved entrepreneurs and their communities.

“Xponance’s proven track record of excellence in investment management and successful alliances with diverse managers is well established in the marketplace,” said Thomas, also Copia Group’s managing partner, in a statement. “Our alignment of mission and values with XAlts creates a distinct partnership that firmly positions the Copia Group to deliver our triple bottom line of income, inclusion, and impact.”

The investment in Copia is Xponance Alts’ first emerging manager investment and sixth general partnership investment since it was launched in 2021.

“The Copia Group’s focus on delivering competitive investment returns while creating significant social impact is highly aligned with Xponance’s mission to transform access into alpha,” said Xponance Founder and CEO Tina Byles Williams in a statement. “XAlts is making this investment in a firm and team that share our core values as we partner to enhance their growth.”

Xponance Alts’ parent company, formerly known as FIS Group, had $16.6 billion in assets under management as of the end of 2023.