Fidante buys minority stake in Latigo Partners
Fidante Partners has announced a strategic partnership and an acquisition of a minority stake in Latigo Partners, a fund manager “specializing in event-driven investing”, in a move to expand its alternative offerings.
Under the terms of the deal, the Life division of Fidante’s parent company, Challenger made an investment in Latigo’s funds.
Latigo, which was founded in 2005 by co-portfolio managers David Ford and David Sabath, offered strategies that included distressed securities, special situations and long/short credit and equity investing.
Under the new partnership, Latigo would be provided with access to long-term global institutional investors, that included sovereign wealth funds, national pensions and superannuation funds, thanks to Fidante’s distribution and business development expertise.
Fidante’s global head, Cathy Hales said: “The investment and partnership with Latigo is part of Fidante Partners’ global growth plans.”
“Latigo’s event-driven investment strategy is highly relevant in today’s investment climate. We are excited by the opportunity to partner with a high-quality team and bring their active investment management skills to the attention of institutional investors in the UK and Europe, in addition to other key markets such as Australia and Japan.”
“We believe we have found in Latigo a very positive business culture fit with the Fidante team.”
AUTHOR
Oksana Patron
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
