A Boston-area mutual fund shop just did a third mutual fund adoption, and they're prepping more.

"We're about to do one more, probably in June, and possibly a third [in 2018] in July," Peter DeCaprio, CEO of Crow Point Partners, tells MFWire.

DeCaprio and Ryan Thibodeaux, president of Baton Rouge, Louisiana-based Goodwood Advisors, confirmed that yesterday Hingham, Massachusetts-based Crow Point recently adopted Goodwood's Goodwood SMID Long/Short Fund, with Crow Point taking over as the $14-million fund's advisor and Crow Point affiliate Cold Creek Capital taking over as the fund's subadvisor. The fund will rebrand.

Crow Point did not work with a consultant or investment bank on the deal, DeCaprio confirms.

Crow Point now offers eight mutual funds and five SMA strategies, and the firm has $900 million in AUM. For future adoptions, the Crow Point team is especially interested in funds that offer one of several types of strategies: large cap growth, global macro, or small cap growth.

"We have a large cap growth team that has a really good track record. We have a global macro team that has a really good track record. We have a small cap growth team that has a really good track record," DeCaptrio sasy. "Obviously we want to fish close to those piers."

As for Goodwood, the firm will be teaming up with Crow Point.

"We're actually building closer ties to Goodwood now," DeCaprio says. "They're helping us with a host of other marketing and branding issues, which they're quite good at ... It's a great combo."

Crow Point is keeping "all of the vendors" in place on the Goodwood fund, DeCaprio says.

"We're leaving all of the infrastructure in place," DeCaprio says. 

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