Touchstone Investments to acquire thirteen Sentinel Funds

May 11, 2017

On April 19, 2017, Touchstone Investments announced an agreement to acquire certain assets of Sentinel Asset Management, Inc. related to thirteen Sentinel funds being reorganized into Touchstone funds.

Under the terms of the agreement, four Sentinel Asset Management, Inc. (“Sentinel”) variable products funds and nine Sentinel retail funds will be reorganized into new or existing Touchstone Investments (“Touchstone”) funds and thereafter advised by Touchstone. The transaction is expected to close in late 2017 and is subject to customary closing conditions and approvals. Berkshire Capital Securities LLC acted as financial advisor to Sentinel.

Touchstone is a Distinctively Active mutual fund company that utilizes institutional asset managers with concentrated, high-conviction portfolios as sub-advisors. The acquisition is expected to bring Touchstone’s assets under management to $20 billion.

Sentinel, an indirect wholly owned subsidiary of National Life Holding Company, is a Vermont-based diversified asset management firm, offering fixed income and equity services as well as mutual fund, corporate and sub-advisory accounts. At February 28, 2017, Sentinel managed 11 mutual fund strategies with $5.54 billion in combined assets under management.

To read the press release: please click here.


Investment Manager M&A, Mutual Fund M&A, Transactions