Denali Advisors Sells Minority Stake to Nile Capital Group Fund

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Denali Advisors Sells Minority Stake to Nile Capital Group Fund

SAN DIEGO – Denali Advisors, an institutional investment firm and the largest Native American owned asset management firm in the country, today announced it has accepted a strategic minority investment from Nile Capital Group, a growth private equity firm which invests in the asset management industry. Financial terms of the transaction were not disclosed.

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,.”

Investments are subject to risk. Investors should consider the investment objectives, risks, charges and fees of any investment vehicle before investing. For more information, please contact Bob Snigaroff, at 858-558-3600 or visit

About Denali Advisors
Denali Advisors, LLC is an employee-owned, quantitative-based, institutional investment management firm, and the largest Native American-owned asset management firm in the country. Specializing in U.S. value equities, Denali was founded in 2001 by Robert Snigaroff, an Alaskan
Native of the Aleut Tribe, and Michael Munson. Denali currently serves institutional public, corporate and foundation clients and is based in San Diego, CA. For more information about Denali and its products, visit

About Nile Capital Group
Nile Capital Group is a sector-focused, operationally-oriented private equity firm focused on investing in and working with talented boutique and emerging asset managers with superior growth potential. Nile provides both capital and services to asset management firms at critical
inflection points in their life cycle.

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