03 January 2017
Further to the announcement dated 14 October 2016, Man Group plc (“Man Group”) announces the completion of its acquisition of Aalto Invest Holding AG (“Aalto”).
Luke Ellis, CEO of Man Group, said: “We are delighted to have completed the acquisition of Aalto, which is a key step in the development of Man Global Private Markets, our new investment engine for private asset classes, and in the ongoing diversification of Man Group. The acquisition of Aalto represents an attractive opportunity for clients, who will have access to longer term investment strategies offering a complementary risk reward profile to our current products.”
Aalto will be a central component of the newly formed Man Global Private Markets (“Man GPM”). Mikko Syrjänen and Petteri Barman, the founders of Aalto, will become Co-Heads of Real Assets within Man GPM, taking on a leading role in the strategic development of the unit’s offering in real assets.
Aalto is headquartered in London, with offices in the US and Switzerland, and had $1.7 billion of funds under management as at 30 September 2016.