Man Group has announced the the completion of its acquisition of investment manager Aalto Invest Holdings to support the launch of its first private markets offering, called Man Global Private Markets (Man GPM).
The acquisition of Aalto, a US and Europe-based real asset focused investment manager with $1.7bn in assets under management, was first announced on 14 October, 2016. Man Group has paid $25m for the business, and will make further payments for the subsequent eight years following the deal, with the maximum aggregate earn out payment capped at $207m. Founded in 2010 with offices in London, the US, and Switzerland, Aalto specialises in the management of real estate equity and debt strategies and will form the real assets platform of Man GPM, launched today. Luke Ellis (pictured), CE...
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