The Strategic Group Acquires Paskewitz Asset Management

January 16, 2019

On December 26, 2018, The Strategic Group announced its acquisition of Paskewitz Asset Management.

Under the terms of the agreement, Strategic Group, P.R., LLC’s (“SG”) special purchase acquisition vehicle, The Strategic Funds, LLC, has acquired all outstanding interest in Paskewitz Asset Management, LLC’s (“PAM”). Brad Paskewitz will continue to lead PAM’sinvestment activities as Chief Investment Officer and the PAM team will continue to serve in their current roles. After the acquisition, Jaeson Dubrovay of the SG’s fund group will serve as the new Chief Executive Officer of PAM. Further terms of the deal were not disclosed.

SG, founded in 2012 and based in Dorado Beach, Puerto Rico, is a multi-national private equity firm that specializes in finance and technology.

PAM is a registered Commodity Trading Advisor that specializes in trading futures. PAM has $135 million in assets under management as of December 2018.

To read the press release: please click here.


Categories

Private Equity M&A, Transactions