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TAMPA — Validus Group has sold two of its affiliated companies, Validus Strategic Capital Partners and Strategic Capital Advisory Services, to financial advisory services firm RCS Capital Corp. for $80 million. The sale includes additional bonus money based on the entities' financial performance following the sale.
Validus Strategic Capital Partners owns SC Distributors LLC, which serves as a platform for alternative investments (investments that aren't based around stocks, bonds and/or cash). Strategic Capital Advisory Services offers advisory and operating services to non-exchange traded alternative investment entities.
Mario Garcia Jr., CEO and managing partner of Validus Group, says moving forward, the company will make more investments in Validus Senior Living, which owns a portfolio of senior multifamily properties in Florida.
Validus Group is an investment firm that develops, owns and manages real estate and other related businesses. Its other affiliates include GulfShore Bank, Carter/Validus REIT Investment Management Co. LLC, and Validus Senior Living.
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