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Laxman Pai, Opalesque Asia: Connecticut-based alternative credit manager Peak 8 Asset Management was acquired by Texas-based real asset investment firm Hunt Capital Holdings.
Financial terms of the deal were not divulged, said a press note.
Peak 8 tends to institutional clients. It oversaw around $600m in assets at the end of December 2018. Hunt Capital Holdings manages $3.7bn in real estate for institutional investors through Hunt Investment Management.
Peak 8 Asset Management will continue to operate independently under its own name from its headquarters in Greenwich, CT, and will retain all of its employees, said David Moran, Peak 8's CEO and chief investment officer.
"This acquisition was good for Hunt, as we and Peak 8 have similar investment styles and approaches to risk. This transaction further advances our long-term strategy of growing our fixed income and related businesses, particularly in the insurance space, a sector in which the Peak 8 professionals have deep experience," said Chris Hunt, Chief Executive Officer of Hunt Capital Holdings.
"I, along with the rest of the Peak 8 team, am very excited to be part of the Hunt organization. We think that Peak 8 will compliment Hunt's existing asset management platform and that together we will utilize our shared resources and investment styles to grow both of our businesses," said David Moran, President of Peak 8. ...................... To view our full article Click here
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