Japanese financial services firm ORIX is to acquire a 70% stake in Gravis Capital Management, in a strategic partnership that should allow Gravis to grow its franchise and broaden its investment platform into Europe, according to the firm.
Gravis said the decision was made following increased demand across Europe for private assets and responsible investing, and will give Gravis the opportunity to grow its business to meet "continued investor demand for real asset investments". Gravis will remain an independently managed business operating under its existing brand, with CEO Rollo Wright continuing to run the day-to-day strategy and operations. There will also be no change to any of the funds managed by Gravis. Gravis Clean Energy Income fund unveils new charging structure to boost income payments Wright said: "We are...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
