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Laxman Pai, Opalesque Asia: The global asset management firm Victory Capital has taken a 15% stake in Alderwood Partners, a London, UK-based firm that plans to invest in a series of boutique asset managers.
Financial terms were not disclosed, said a news release from the investment management company with $136.8 billion in assets under management.
Alderwood's operating entity, Alderwood Capital, is a London-based investment advisory firm focused on taking minority stakes in specialist boutique asset management businesses.
Founded in 2020 by Jonathan Little, Alderwood is planning, subject to regulatory approval, to raise a single fund to deploy its strategy. Victory Capital will have board representation at the general partner level and intends to participate as an investor in the fund.
"This investment in a proven M&A capability provides Victory Capital with several compelling strategic advantages," said David Brown, Chairman, and CEO of Victory Capital.
"It significantly broadens our international scope for future growth, particularly in the UK and on the European continent. In addition to expanding opportunities for complementary distribution alliances and strategic partnerships leveraging organizational and regulatory platforms in non-US jurisdictions, it also provides attractive return opportunity on our investment," David added.
"We are very pleased to welcome Victory Capital as partners in our firm," added Jonathan Little, Founder and ...................... To view our full article Click here
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