Satellite invests $300 million in spinoff

Wed Jan 30, 2008

Satellite Asset Management and its affiliates have invested $300 million in SIR Capital Management, the fledgling energy fund started by Satellite alums Vince Maddi and Sean Brennan. The investment gives New York-based Satellite a minority equity stake and lower fees, but not voting rights, in the nascent firm, according to SIR's...


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