On June 28, 2021, Virtus Investment Partners, Inc. announced it will acquire Stone Harbor Investment Partners LP.
Under the terms of the transaction, Virtus Investment Partners, Inc. (“Virtus”) will acquire Stone Harbor Investment Partners LP (“Stone Harbor”), likely to be funded with existing financial resources. Subject to customary closing conditions and approvals, the transaction is expected to close by the end of 2021. Further terms of the deal were not disclosed.
Virtus (NASDAQ: VRTS), based in Hartford, Connecticut, is a partnership of boutique investment managers that provides investment management products and services through its affiliated managers and subadvisors. Broadhaven Capital Partners, LLC acted as financial advisor to Virtus on the transaction.
Stone Harbor, based in New York, is a registered investment advisor that specializes in credit and asset allocation strategies. As of May 31, 2021, Stone Harbor had approximately $15.4 billion in assets under management.
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