Wed, Dec 8, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Dutch group Cardano buys $25bn sustainable asset manager Actiam

Friday, October 22, 2021

Laxman Pai, Opalesque Asia:

Anglo-Dutch investment firm Cardano Group has agreed to acquire compatriot asset management firm, Actiam, from the Dutch insurance and reinsurance group Athora Netherlands N.V. for an undisclosed fee.

The acquisition increases Cardano's assets under management to £50 billion ($68.7 billion) and its headcount to 500 employees, said a press release from the pensions advisory firm. The acquisition is to provide Cardano with much-needed sustainability expertise, it added.

The pure-play sustainable investment management firm Actiam will add more than £18.5 billion ($24.9 billion) in assets under management and broaden Cardano's ESG advisory capabilities as well as its active and passive equity and fixed-income offerings.

It has a sustainable investment history of almost 30 years with a specialization in impact investing in the microfinance and SME spaces.

As part of the agreed purchase, Cardano will enter into a Long-Term Strategic Partnership Agreement for 10 years with Athora Netherlands, to manage approximately £13bn of assets.

Following completion of the acquisition, Cardano will manage over £50bn of assets and employ over 500 people in the UK and the Netherlands across its advisory, investment management, and DC businesses.

The acquisition is Cardano Group's third, following the acquisition of covenant advisory specialist Lincoln Pensions (now Cardano Advisory) in October 2016 and auto-enrolment provider NOW: Pen......................

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. Tiger funds change some stripes, Melvin Capital's comeback plan, What's behind Sachem Head's surge?, One of Asia's oldest hedge funds is buying distressed China debt[more]

    Tiger funds change some stripes From Institutional Investor: Falcon Edge, Light Street, Lone Pine, Viking, and Hound made significant buys and sells in the third quarter. Falcon Edge Capital Management exited its two largest U.S. long positions in the third quarter, according to

  2. SPACs: Hambro Perks eyes first London SPAC listing under new rules, SPACs churn out restatements, again, to correct accounting, Investment manager's SPAC Investcorp Europe Acquisition I files for a $250m IPO[more]

    Hambro Perks eyes first London SPAC listing under new rules From Bloomberg: U.K. venture capital firm Hambro Perks Ltd. aims to raise 140 million pounds ($187 million) listing a special purpose acquisition company in London, in what could be the market's first major blank-check offerin

  3. New Launches: Fundraise for Stonepeak's infrastructure fund reaches $11.4bn, Crypto-focused 10T Holdings to raise $500m in new fund, Stewart Investors' Sustainable Funds Group launches emerging markets sustainability fund, Tilney unveils 'adventurous' multi-asset sustainable fund, PineBridge looks to anchor first-time private equity fundraises with new $334m fund, MTIP holds $250m final close for second fund[more]

    Fundraise for Stonepeak's infrastructure fund reaches $11.4bn From IPE: Stonepeak Infrastructure Partners has so far raised $11.4bn (€10.1bn) for its fourth fund, according to sources that track capital raisings. The amount raised by the Stonepeak Infrastructure Fund IV exceeds

  4. Coinbase co-founder launches biggest VC fund in crypto, Valkyrie launches $100m DeFi hedge fund, Kyle Bass says the big money has been made in bitcoin[more]

    Coinbase co-founder launches biggest VC fund in crypto From the FT: Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang have finished raising $2.5bn this month for Paradigm One, their first venture capital fund. Investors jockeyed to commit money to the fund, allo

  5. London hedge funds Eisler and Glen Point Capital plan rare $6bn merger[more]

    From City AM: Eisler Capital is planning to snap up Glen Point Capital in a rare deal between two players in London's hedge fund industry. Eisler, a multi-strategy investment funds with $4.5bn under management will raise company assets by $1.5bn bring in a new trading team and add three funds to aid