Calera Capital completed the acquisition of Nocturne Luxury Villas from Gladstone.

Calera Capital, a private equity firm, completed the acquisition of Nocturne Luxury Villas, a luxury vacation rental management company, from Gladstone, a business development company. Financial terms were not disclosed. "With the sale of Nocturne and from inception in 2005, Gladstone Investment has exited over 30 of its management supported buy-outs, generating significant net realized gains on these investments. Our successful exit from Nocturne further validates our strategy as a buyout fund, which relies on generating strong current income during the investment period from our debt investments alongside equity investment that allow for meaningful capital gains at exit, both of which support our ultimate goal of delivering value to shareholders through stock appreciation and dividend growth," said David Dullum, President of Gladstone Investment.