On May 3, 2026, Seward & Kissel client Stable Asset Management announced a strategic partnership and an agreement to sell minority interests in 17 alternative asset managers to Navigator Global Investments.
Stable Asset Management (“Stable”) announced, on May 3, 2026, its definitive agreement to enter into a strategic partnership and to sell minority interests in 17 alternative asset managers (the “Target Portfolio”) to Navigator Global Investments (“NGI”). Under the terms of the transaction Stable will sell the Target Portfolio to NGI for $195 million. Upon closing, the Target Portfolio will reside in a new vehicle, NGI Stable Growth, and Stable will continue to monitor the Target Portfolio on behalf of NGI. Further terms of the transaction were not disclosed.
Stable, based in New York, is a registered investment advisor that partners with GP founders to seed and accelerate investment firms. Stable has approximately $5.2 billion in assets under management.
NGI (ASX: NGI), based in Toowong, Brisbane, Queensland, Australia, is an alternative asset management company that partners with management teams who operate institutional businesses. NGI has approximately $32 billion in assets under management.
A Seward & Kissel team led by Gerhard Anderson, Walter Van Dorn, James Cofer, Kevin Neubauer, Bradley Fay, and Casey Jennings served as legal counsel to Stable on the transaction, with MinterEllison serving as legal counsel in Australia.
To read the press release: please click here.