Alger to Acquire Redwood Investments


January 29, 2024

On January 4, 2024, Seward & Kissel client Alger Group Holdings, LLC announced that it was acquiring Redwood Investments, LLC.

Alger Group Holdings, LLC (“Alger”) announced on January 4, 2024 that it had agreed to acquire Redwood Investments, LLC (“Redwood”). Seward & Kissel served as counsel to Alger. Upon closing, Redwood will become a wholly-owned subsidiary of Alger and continue to operate independently under its co-founders, Jennifer Silver and Michael Mufson. Further terms of the deal were not disclosed.

Alger, based in New York City, is a privately-held, women-owned growth equity investment management firm providing institutional investors and financial advisors access to growth equity separate accounts, mutual funds, ETFs, and privately offered investment vehicles. As of March 31, 2023, Alger had approximately $17.7 billion in assets under management.

Redwood, based in Newton, Massachusetts, is a majority woman-owned registered investment adviser and growth equity management firm. Redwood has approximately $1.6 billion in assets under management.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.