January 28, 2011

Asset Management Finance Invests in Brigade

Asset Management Finance announced on January 26, 2011 an investment in credit strategies manager and S&K client Brigade Capital Management.

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January 28, 2011

Reliance Trust Acquires Harrington Wealth Management

On January 25, 2011, Reliance Financial Corporation announced that its subsidiary, Reliance Trust Company, had acquired Harrington Wealth Management Company from Pacific Western Bank.

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January 28, 2011

Scout Investments to Acquire Two Mutual Funds from Frontegra

On January 25, 2011, Kansas City, Missouri-based Scout Investments announced that it had agreed to acquire two bond funds from Frontegra Asset Management.

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January 28, 2011

Foresters Acquires First Investors Consolidated Corp.

On January 20, 2011, life insurance provider Foresters announced that it had acquired a 100% ownership interest in First Investors Consolidated Corporation and its U.S. asset management and life insurance operations.

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January 28, 2011

Carlyle Group Acquires AlpInvest

On January 26, 2011, private equity firm The Carlyle Group announced an agreement to acquire AlpInvest Partners, a $43.3 billion private equity fund of funds manager.

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January 28, 2011

Concierge Merges with Crossbeam Capital

On January 25, 2011, the Houston Business Journal reported that Concierge Asset Management LLC, a Houston apartment investor, had agreed to merge with Crossbeam Capital LLC.

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January 26, 2011

Dutch Financier to Back Caerus Wealth Management

On January 24, 2011, Citywire reported that Caerus Wealth Management had secured investment backing from Dutch financier Hubert-Lance Huet.

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January 24, 2011

Hedge Fund Roc Capital Sells Minority Stake

Bloomberg reported on January 23, 2011, in an article that quotes Seward & Kissel partner Steve Nadel regarding hedge fund managers selling stakes, that hedge fund manager Roc Capital sold a minority stake to Vanisha Mittal Bhatia.

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January 21, 2011

William Blair & Co. to Acquire Guidance Capital

On January 20, 2011, William Blair & Company, LLC announced that it will make a strategic acquisition of hedge fund of funds manager Guidance Capital LLC.

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January 21, 2011

For Small Hedge Funds, Success Brings New Headaches

This New York Times Dealbook article, published on January 20, 2011, quotes Seward & Kissel partner Steve Nadel concerning the new motivations for hedge fund managers to consider joining a larger platform.  To read the article, click here.

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