Ten Coves Capital, LP has launched as a private equity firm investing in fintech companies. Ten Coves will manage two Napier Park Financial Partners funds.

Napier partner Manu Rana will join Ten Coves as a founding partner and senior advisor. Former Napier partners Steve Piaker and Dan Kittredge will serve as managing partners along with Ned May. “We are excited to start a new chapter as Ten Coves, leveraging our team’s decades of experience and deep networks to help scale the next generation of innovative, FinTech companies,” says Kittredge.

Proskauer and Dechert are serving as legal counsel to Ten Coves. Sidley Austin is providing legal advice to Napier.