FAB Partners ("FAB"), a global alternative investment platform, today announced it has completed the acquisition of a majority stake in Halkin Asset Management ("Halkin"), a London-based alternative asset manager. The combined company will be rebranded as Centricus ("Centricus") and will continue to target superior returns across all asset classes, sectors and geographies for its investors.
Halkin is a London-based FCA-regulated and SEC registered multi-manager platform, offering portfolio management and advisory services. The firm has a strong record of successful hedge fund management, providing complete solutions to early stage and established portfolio managers. The transaction will support the expansion of Halkin's onshore asset management capabilities, as well as its corporate finance advisory business.
The Halkin deal further expands FAB’s unique global relationship network following the acquisition of CIFC Asset Management LLC, the U.S. private debt investment manager with US$ 14 billion AUM, in November 2016. Headquartered in New York, CIFC is a SEC registered investment manager that provides access to approximately 2,000 sub-investment grade borrowers in the private debt market.
The acquisition builds on other recent successes for FAB. FAB founders Dalinc Ariburnu and Nizar Al-Bassam led the structuring of and fund raising for Softbank's US$ 100 billion global technology investment fund Vision Fund, the largest fund raising in the asset management industry to date. FAB also recently launched its corporate finance advisory business and subsequently arranged SoftBank Group Corp's US$3.3 billion acquisition of Fortress Investment Group LLC, an alternative asset manager with US$ 70 billion AUM.
FAB invests across asset classes, sectors and geographies. Recent investments include an agreement to acquire a minority stake in Global Investment Holdings, the parent company of Global Ports Holding, the world's largest cruise port operator. Global Ports listed on the London Stock Exchange in May 2017, completing one of the largest flotations of the year.
Launch of Centricus
The new combined company will be named Centricus and will operate through entities in U.K. and Jersey.
For more information please go to www.centricus.com