An independent affiliate of the DeVos family’s RDV Corporation has invested in an overseas private equity firm.

Grand Rapids-based Ottawa Avenue Private Capital, or OAPC, said last week it acquired a passive minority equity interest in St. Helier, Channel Islands-based Nordic Capital.

Terms of the deal were not disclosed.

Kristoffer Melinder, managing partner at Nordic Capital, said his firm is “excited” about the partnership with OAPC, which will “strengthen Nordic Capital’s balance sheet.”

“The partnership with OAPC will enable Nordic Capital to invest more in our business and continue to build and develop talents and our platform,” Melinder said. “We are proud to bring on OAPC as our partner to enable our continued growth, building on our long history for the years to come.”

The investment will also allow for development of the Nordic Capital organization.

DeVos family spokesperson Nick Wasmiller declined to share specific comments about the transaction.

“As a matter of company policy, we do not provide insights regarding our investing strategy,” Wasmiller said.

Nordic Capital was advised by New York-based Evercore and Chicago-based Kirkland & Ellis on the transaction.

The advisers to OAPC were not disclosed.

OAPC

Founded in 2015, Ottawa Avenue Private Capital is an investment advisory firm that manages investments in private equity and other alternative asset classes.

Nordic Capital

Founded in 1989, Nordic Capital is a private equity firm that invests in several sectors: health care; technology and payments; financial services; industrial goods and services; and consumer products.

Key investment regions are across northern Europe and in North America.

Nordic Capital has invested more than €14 billion through over 100 investments.

Since raising its latest fund of €4.3 billion, Nordic Capital has made 11 platform investments and opened an advisory office in New York to expand its growth in the North American health care sector.

The firm has about €13 billion in assets under management.