Wed, Aug 10, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

PE shop Aquiline Capital Partners buys SageView Advisory

Wednesday, January 06, 2021

Laxman Pai, Opalesque Asia:

Aquiline Capital Partners, a private investment firm based in New York and London, is taking a majority stake in SageView Advisory Group, a retirement planning and wealth management firm, which advises on roughly $119bn in assets.

Randy Long, founder and managing principal of SageView, and Jon Upham, principal, will continue to lead the firm and "retain a significant equity stake" in the company, said a press release.

Besides, an unspecified number of SageView's more than 100 employees will become equity holders in the company as a result of this deal.

SageView has over 100 employees and 25 offices in 17 states, with more than US$ 119 billion in assets under advisement as of September 30, 2020. SageView is headquartered in Newport Beach, California. A large number of SageView's employees will become equity holders as part of this partnership.

"This investment provides us with the capital for continued growth in the institutional retirement and wealth management arenas, as well as expanded ownership among our advisors and key associates at SageView," said Randy Long.

"We have created a unique culture that is of great value to us, which made Aquiline the right choice for a capital partner. Aquiline shares in our vision for the future and is committed to independence, our people, and technology. Partnering with Aquiline will help us better serve our clients and grow our business for the long-term," Randy added.

Jeff Greenber......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du