November 2, 2011

Silvercrest Asset Management Acquires Milbank Winthrop

On November 1, 2011, Silvercrest Asset Management Group LLC announced that it had acquired the business of Seward & Kissel registered investment advisor client Milbank Winthrop & Co., Inc., bringing Silvercrest’s assets under management to approximately $10.5 billion.

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October 27, 2011

iStar Financial Sells Stake in Oak Hill Advisors

On October 25, 2011, Oak Hill Advisors L.P. announced the sale of iStar Financial Inc.’s minority interest in Oak Hill to a group that includes General Atlantic LLC, Robert M. Bass and senior members of Oak Hill management for an undisclosed sum.

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October 20, 2011

Madison Street Capital Fall 2011 M&A Outlook-Hedge Fund Industry

Madison Street Capital issued its Fall 2011 M&A Outlook-Hedge Fund Industry report analyzing deal activity in the hedge fund management sector.  To see a copy of this report, click here.

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October 12, 2011

Blackstone’s GSP Acquires Harbourmaster

On October 6, 2011 the global credit unit of The Blackstone Group, GSO Capital Partners LP, announced the acquisition of European leveraged loan manager Harbourmaster Capital.

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October 12, 2011

H.I.G. Capital Acquires Certain WhiteHorse Assets

On October 6, 2011 H.I.G. Capital announced that it had acquired certain assets of Dallas-based CLO manager WhiteHorse Capital, expanding H.I.G.’s existing credit platform.

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September 22, 2011

Guggenheim Partners Acquires Rydex/SGI

On September 21, 2011 pionline.com reported that Guggenheim Partners has acquired ETF manager Rydex/SGI, which it will merge into its existing asset management business.

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September 19, 2011

M&A TV Interviews S&K’s Jim Abbott

Mergers & Acquisitions Journal released on September 14, 2011 an M&A TV interview of Seward & Kissel partner Jim Abbott commenting on trends in the investment management M&A space. To view this interview, please click here.

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August 31, 2011

Hedge Funds seek strategy diversity, sometimes at a cost

This August 19, 2011 article by Paula Schaap in The Deal Pipeline discusses hedge fund management firms’ efforts to expand into more diversified investment strategies, quoting Seward & Kissel partner Jim Abbott. To read this article, please click here.

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August 24, 2011

Rothschild to Acquire Elgin CLOs

On August 22, 2011, Bloomberg.com reported that family-owned financial advisor Rothschild has agreed to acquire CLO manager Elgin Capital LLP, tripling its European leveraged loans under management.

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August 24, 2011

FrontPoint Sells Hedge Fund to MatlinPatterson

On August 19, 2011, Reuters reported that hedge fund manager FrontPoint Partners will sell one of its funds to private equity firm MatlinPatterson.

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