On May 31, 2023, Lansdowne Partners LLP announced the acquisition of CRUX Asset Management.
Under the terms of the transaction, Lansdowne Partners, LLP (“Lansdowne”) will acquire CRUX Asset Management (“CRUX”). CRUX founder Richard Pease will retire upon the completion of the deal, which is subject to customary regulatory approval. Further terms of the deal were not disclosed.
Lansdowne is a London-based global investment management firm primarily serving pension funds, endowments and foundations, sovereign wealth funds, and wealth managers. As of May 2023, Lansdowne had $7 billion in assets under management.
CRUX, based in London, is an active equity investment manager with a focus on Europe, the UK, and Asia. As of May 2023, CRUX had £1 billion in assets under management.
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