S&P Analysis: Private Equity Investments In Global Asset Management Surge In Q1
Date
5/17/2023 11:08:49 PM
(MENAFN- ValueWalk)
Private equity and venture capital firms announced $5.00 billion of investments across 43 transactions in the asset management sector worldwide this year through May 2, according to new S&P Global market Intelligence data and analysis.
The aggregate transaction value was down 62% from $12.86 billion in the first quarter of 2022, which remains the biggest quarter since the start of 2020.
Key highlights from the analysis include:
Gates Cap Management Reduces Risk After Rare Down YearGates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy read more
During the first quarter, the asset management companies pulled in $4.89 billion across 30 deals . Clayton Dubilier & Rice LLC and Stone Point Capital LLC's $4.23 billion acquisition of an unknown majority stake in Focus Financial Partners Inc. was mainly responsible for the 84.5% quarter-over-quarter growth. Among the largest private equity investments in the asset management sector year to date through May 2 was Tikehau Capital and Arjun Infrastructure Partners Ltd.'s acquisition of an unknown stake in Amarenco Solar Ltd. for $316.1 million. Europe had the most number of transactions with 20 deals worth $507.5 million, while the US and Canada had the biggest total investment of $4.45 billion across 17 deals so far in 2023 .
MENAFN17052023005205011743ID1106266299
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.