Money manager M&A
News and video about Money manager M&A from Pensions & Investments
Ares acquiring Kayne Anderson
trueAres Management is buying energy manager Kayne Anderson Capital Advisors in a $2.55 billion deal paid for with Ares operating group units.
Private equity firms to take majority stake in First Eagle Investment Management
trueThe Blackstone Group and Corsair Capital have made a majority long-term investment in First Eagle Investment Management.
Manager M&A activity jumps in second quarter
trueMoney manager mergers and acquisitions activity in the second quarter increased sharply from the previous quarter, with total assets in transactions at $405.3 billion — up more than 300%. Assets were down around 37% from the second quarter of 2014.
GSAM's assets flat in quarter; net inflows total $8 billion
trueGoldman Sachs reported $1.032 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of June 30, flat from three months earlier but up 2% from the same time a year prior.
Dyal taking stake in Vista Equity Partners
trueVista Equity Partners' management is selling a passive minority stake of less than 20% in the private equity firm to a group led by Dyal Capital Partners.
Hamilton Lane buys back Cascade Investment's minority stake
trueHamilton Lane is buying back Cascade Investment's minority stake in the alternatives money management firm.
GSAM to acquire ESG consultant Imprint Capital
trueGoldman Sachs Asset Management is acquiring environmental, social and governance consultant Imprint Capital, said David Wells, GSAM spokesman.
Segall Bryant & Hamill acquires Philadelphia International quant team
trueSegall Bryant & Hamill announced Tuesday it had acquired Philadelphia International Advisors' quantitative investment team.
Money manager M&A activity up slightly in first 6 months; less AUM involved
trueThe number of announced money manger acquisitions globally was 50 in the first half of 2015, up slightly from the first half of 2014 when 48 deals took place, said a report from investment banking firm Freeman & Co. on Wednesday.
Sun Life to acquire Prime Advisors in its second LDI manager deal this year
trueSun Life Financial on Tuesday announced it has agreed to buy LDI money manager Prime Advisors in a cash deal.
Societe Generale signals exit from Amundi in fund manager IPO
trueSociete Generale might sell its entire stake in Amundi, the money management operation it set up with Credit Agricole five years ago, as Europe's banks come under pressure to bolster capital.
Amundi joins in forming money manager acquisition platform
trueEuropean money manager Amundi is one of three founding shareholders in IM Square, a new investment and development platform that plans to acquire minority stakes in U.S., European and Asian money managers with $1 billion to $15 billion in assets under management.
BlackRock to acquire Mexico-based infrastructure investment firm
trueBlackRock has agreed to acquire Mexico City-based infrastructure investment firm Infraestructura Institucional, said a news release issued Friday.
Manulife, SS&C, Blackstone said to be among those interested in Ascensus
trueAscensus Inc., a retirement plan service provider that's weighing an initial public offering, has also drawn takeover interest from several companies.
Henderson Group adds A$11 billion in AUM with 3 Australia acquisitions
trueHenderson Group significantly increased its global footprint with two acquisitions and an increase in ownership of Australia-based businesses.