On January 8, 2020, Aksia LLC announced an agreement to acquire TorreyCove Capital Partners LLC.
Under the terms of the agreement, Aksia LLC (“Aksia”) will acquire TorreyCove Capital Partners LLC (“TorreyCove”). Aksia will maintain its headquarters in New York and will welcome TorreyCove’s five Managing Directors as partners and senior management. The transaction is expected to close during the first half of 2020. Further terms of the transaction were not disclosed.
Aksia, based in New York, provides specialist alternative investment research and portfolio solutions specifically representing pension plans, insurance companies, government-related institutions, endowments, foundations and superannuation funds. As of January 2020, Aksia has more than $8.5 billion of committed assets under management.
TorreyCove, based in California, is an alternative investments advisory and consulting firm specializing in private equity, real assets, and private credit strategies. As of January 2020, TorreyCove has over $75 billion in assets under advisement.
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