ABS Global Investments Announces Strategic Partnership with Nile Capital
2024年8月1日 - 1:23AM
ビジネスワイヤ(英語)
ABS Global Investments (“ABS”), a global investment firm focused
on differentiated equity strategies, together with Nile Capital
Group Holdings (“Nile”), a private equity firm that specializes in
making GP stake investments in innovative asset managers, has
acquired the remaining 23% minority interest in ABS previously
owned by Evercore Inc. (“EVR”). ABS management remains the majority
owner, welcoming Nile as its new strategic Investor.
ABS Global Investments began operations in late 2002 and
specializes in sourcing alpha opportunities across global equity
and emerging markets. The team leverages a global network of
on-the-ground relationships to source unique investment
opportunities. As of July 2024, ABS manages over $7 billion in
assets from its headquarters in Greenwich, CT. ABS’ diverse client
base is comprised of Pension Plans, Endowments & Foundations,
and private wealth platforms.
“Nile’s deep industry knowledge and expertise in partnering with
boutique asset management companies will empower us to expand our
market reach and breadth of product offerings, supporting our
ability to continue to provide best-in-class investment solutions
to our clients. We are excited to welcome Nile as our new partner,"
stated Laurence Russian, Founding Partner, and Portfolio Manager at
ABS. “ABS is proud to have partnered with the Evercore team since
2012, and we are thankful for Evercore’s commitment to helping us
achieve so much during our decade-long partnership.”
Nile’s investment in ABS is a testament to the Firm’s strategy
of acquiring equity stakes in performance-driven and founder-owned
asset management companies. The partnership is expected to provide
valuable support to ABS’ talented management team, fostering
innovation and the expansion of its distribution efforts.
“We are fortunate to have worked with such a top-notch team over
the past several years as we continue to innovate and better suit
the needs of our clients. We’re thrilled to partner with Nile to
help us continue this journey,” said Guilherme Ribeiro do Valle,
Founding Partner, and Portfolio Manager at ABS. “We’re excited by
the opportunity in front of us,” Mr. Valle concluded.
“As investors look for a differentiated source of non-correlated
alpha, ABS has provided unique solutions to meet its customers’
needs for over two decades. Under Laurence and Gui’s leadership,
ABS has built a culture of excellence driven by a focus on
innovation, talent development, and a commitment to customer
success,” said Melvin Lindsey, Managing Partner at Nile. “We look
forward to joining forces with the ABS team to build on the strong
momentum and further establish its position as a market
leader.”
ABS will continue to operate under the leadership of its current
management team.
Berkshire Global Advisors acted as Nile's exclusive financial
advisor, and Reed Smith provided legal counsel.
About ABS Global Investments
ABS Global Investments specializes in sourcing alpha
opportunities across global equity strategies. With offices in
Greenwich, CT, Hong Kong and Zurich, ABS often identifies
specialized investment managers from around the world early in
their life cycle. This advantage is enhanced by the firm’s
proprietary system, The ABSolute, which organizes the research, due
diligence, and risk management processes. As a majority
employee-owned firm, ABS is defined by every employee's
accountability, engagement, and owner mindset, the teams' diligence
and collaboration, and leadership's longevity and stability. By
focusing on niche global equity strategies, ABS delivers commingled
and customized products to institutional and high-net-worth
investors. For more information, visit www.absinv.com.
About Nile Capital Group Holdings
Nile Capital Group Holdings, LLC is a private equity firm that
provides flexible capital by investing in GP stakes of
performance-driven scalable boutique, niche, and diverse asset
management firms at a critical inflection point in their cycle.
Nile seeks to partner with talented and innovative investment
managers who can benefit from its growth capital and proprietary
T.I.D.E.S.™ operational framework, which has proven successful
across various asset classes, firms, and business cycles. The firm
is headquartered in Los Angeles. For more information, visit
www.nilecapitalgroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731962261/en/
For ABS Global Investments investor inquiries: ABS Investor
Relations, IR@absinv.com (203)-618-3700
For Nile Capital Group Holdings investor inquiries: Hien
Gerbereux, Partner and Managing Director of Investor Relations
Hien@nilecapitalgroup.com (310) 773-0714