Daily News: February 2, 2018

Redpoint Capital Rebrands as Park Cities Asset Management

Redpoint Capital Group, an alternative credit manager focused on private lending across multiple asset classes, will rebrand itself and operate as Park Cities Asset Management, effective immediately.

Park Cities will continue to be led by Managing Partners Andy Thomas and Alex Dunev.

“Redpoint built its reputation by deploying capital into the non-prime consumer finance market for almost a decade,” Dunev said. “The relationships I bring to the firm, combined with our strategic partnership with Tom Dundon, enable us to expand our reach. We believe it is the appropriate time to formally rebrand the firm to reflect our broader vision.”

“Our new name speaks to our firm’s heritage,” Thomas said. “We launched our firm in University Park, Texas and value the relationships we’ve formed in the Park Cities area. We are excited to address new opportunities with a larger, very talented portfolio management team, but we will not forget our roots. Park Cities is eager to address borrowers’ needs for flexible financing solutions and deliver results for our investors.”

Redpoint’s legacy entities, investments and investors will not be affected by the rebranding. All new business will be conducted under the Park Cities brand.