BNY Mellon Acquires Stake in Siguler Guff

November 2, 2009

BNY Mellon has acquired a 20% minority interest in Siguler Guff, a multi-strategy private equity firm.

 

In a press release dated November 2, 2009, BNY Mellon Asset Management (“BNY Mellon”) announced it has acquired a 20% minority interest in Siguler Guff & Company LLC (“Siguler Guff”) and certain related entities.  Siguler Guff is a multi-strategy private equity firm with approximately $8 billion in assets under management and committed capital.  Siguler Guff, headquartered in New York, focuses its investments across three different business lines: Fund of Funds, Advisory Activities and Direct Investment Funds.  The terms of the transaction were not disclosed.

 

This transaction marks a strengthening of the relationship between the companies since forming their initial strategic alliance in January 2009, when Siguler Guff engaged BNY Mellon to distribute its products and services globally.  In May 2009, Siguler Guff’s investment advisor subsidiary, Siguler Guff Advisers, LLC, became the investment advisor of the private equity fund of funds previously advised by West LB Mellon Asset Management.

 

To view the Press Release, please click here.


Categories

Investment Manager Strategic Investments, Private Equity Strategic Investments, Transactions