The Trustees of the BAE Systems Pension Scheme and BAE Systems Executive Pension Scheme have outsourced the management of their approximately GBP23 billion UK defined benefit pension scheme assets to Goldman Sachs Asset Management.
The Investment Association has agreed a partnership with Fundipedia, a data management solution for asset managers, to use Fundipedia technology to replace the current ECHOWeb fund data collection platform.
SEI has announced that SEI Investments (Europe) Limited (SIEL), its wholly-owned operating subsidiary in the United Kingdom, has entered into an option agreement to acquire the outstanding equity of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), from its parent company, XPS Pensions Group PLC (XPS).
Index creators MerQube has announced USD22 million raised in Series B funding, in an investment round led by Intel Capital with participation from new investor Allianz Life Ventures, and existing investors Citi, J.P. Morgan, Laurion Capital Management and UBS. In conjunction with the financing, David R. Mueller, Intel Capital Investment Director, will join MerQube’s board of directors.
PGIM Private Capital provided nearly USD6.7 billion of senior debt and junior capital to more than 120 middle-market companies and projects globally in the first half of 2023. PGIM Private Capital is a source of private debt for public and private companies and is the private capital arm of PGIM, the USD1.27 trillion global investment management business of Prudential Financial, Inc.
Liontrust, the specialist fund management group, has announced that it has conditionally agreed to acquire the entire issued share capital of GAM Holding AG (GAM), a global investment management firm with GAM’s Investment Management division having AuMA of CHF23.3 billion (GBP20.9 billion) as at 31 March 2023.
The Waystone Group has announced that it has signed definitive agreements to acquire the Irish and UK businesses of Link Fund Solutions (LFS), a division of Link Group, subject to regulatory approvals and other contractual conditions.
Data from PwC show that the UK saw 4,232 M&A deals across 2022, compared to 5,033 for the previous year, representing a 16 per cent decline.
abrdn plc has announced that it has entered into an agreement to sell abrdn Capital, its discretionary fund management business, to LGT.
The management team of global investment consultancy bfinance has undertaken a buyout of the firm, with the purchase of a 51 per cent stake formerly held by Baird Capital. The transaction has been supported by Beach Point Capital Management.
