financial

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TriState Capital Bank, Inc., Pittsburgh, PA, is one of the nation’s fastest growing banks, with a focus on middle market businesses, executives and high net worth individuals. The bank, which was established in 2007, has a pristine balance sheet with assets in excess of $4.4 billion. In 2014, TriState announced the acquisition of Chartwell Investment Partners, an investment management firm with $7.5 billion in assets under management. We participated in a $50 million equity financing in 2008 and in a follow-on offering in 2010 in support of the bank’s continued growth. In 2013 TriState completed an initial public offering raising $75 million. (NASDAQ:TSC) Our position was liquidated through open market sales through 2014.

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