Global real assets manager Patrizia strengthened its offering with the acquisition of international multi-manager Advantage Investment Partners.
Patrizia has invested an undisclosed amount to acquire the Copenhagen-based diversified multi-manager with both institutional and wholesale distribution channels.
Founded in 2018, Advantage Investment Partners manages almost $2bn in assets under management. The firm’s multi-manager product shelf includes a club deal invested in global infrastructure equity and a discretionary fund series invested in North American private equity and is also in talk to launch additional products.
Patrizia said the acquisition strengthens its access to Nordic institutional clients and wholesale distribution channels through a balance sheet light model.
Patrizia’s founder and CEO, Wolfgang Egger, said: “The growth journey of Advantage Investment Partners over the last four years has been very impressive and now is the perfect time for us to join forces.
“Our new colleagues in Copenhagen will give Patrizia’s real assets and alternatives growth plans a big boost, with our institutional and wholesale clients benefiting from even broader access to global infrastructure and private equity. The acquisition will also allow our clients to tap into an established multi-manager investment strategy.”
Anders Dalhoff, founder and managing partner at Advantage Investment Partners, said: “Culturally Patrizia is a perfect fit for us as both of our firms have a strong entrepreneurial mindset and a client-centric approach. This is a win-win for all of us: our existing and new clients will gain access to a much broader global network and product shelf, as well as the proven expertise of Patrizia.
”Our team can continue to grow professionally within the Patrizia family and Patrizia will be enriched by the highly diverse products and new sales channels we bring to the table.”
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