Sponsored Azimut Alternative Capital Partners is acquiring a minority equity stake in Pathlight Capital, an asset-based lender based in Boston. Jeff Brown, CEO of New York-based AACP, which is the U.S. subsidiary of European asset manager Azimut Group, said the deal involves buying a stake that represents about 20 percent of the firm, as well as contributing permanent capital to grow Pathlight’s business and help the firm invest more capital in its own products and align itself with investors. “When we started the process in March, we had lunch outside,” Brown said. “Ultimately, this is a people business and the chemistry has to be right. We don’t want to do hundreds of deals. We want the best properties out there.”