Denali Advisors, LLC (“Denali”) is thrilled to announce a partnership with Nile Capital Group LLC (“Nile”) as a minority member and advisory partner. Nile is a private equity firm founded by Melvin Lindsey, CFA that provides capital as well as strategic support to help talented asset managers grow in a sustainable fashion. The Nile Fund is structured as a long term partnership, which enables Denali to maintain its Minority Business Enterprise (“MBE”) investment manager status, independence, and autonomy.
“We are confident that we have found a strong partner in Nile and believe they will add significant value and resources to our business,” said Bob Snigaroff, President, Denali Advisors. “We believe the time is right to partner with a financial and strategic firm that shares our priorities, core values and vision for the company.”
“Denali is precisely the type of high quality asset manager in which Nile seeks to invest, and we are very pleased to become a partner in this founder-led business,” stated Mel Lindsey. “Denali’s unique process for generating superior risk adjusted returns positions the company well for continued growth and positive experiences for their clients. We look forward to working with the management team on additional ways our partnership can enhance their client service experience.”