Berkshire Global Advisors acted as financial advisor to SSI Investment Management

Seller Details:
Founded in 1973, SSI Investment Management is a boutique, institutional asset management firm that seeks to add value by delivering competitive risk-adjusted returns for its clients, while focusing on safety, consistency and preservation of capital. SSI offers investment solutions using a mix of convertible and equity strategies that may appeal to investors seeking growth while limiting downside risk, especially during volatile and rapidly changing market conditions. The firm applies quantitative disciplines and fundamental research in its management of alternative and traditional portfolios for institutional and high net worth investors. As of September 30, 2018, SSI Investment Management had $1.9 billion in assets under management.

Buyer Details:
Resolute Investment Managers, Inc. is a diversified, multi-affiliate asset management platform with affiliated and independent relationships with more than 40 investment managers. Driven by future value creation, Resolute offers a unique platform that delivers strategic benefits through a full suite of distribution, operational and administrative services that may be leveraged by our affiliates. With roots as an unaffiliated sub-advised mutual fund sponsor, the majority of Resolute’s partnerships are with asset managers who invest and operate with full autonomy and independence. As of September 30, 2018, the affiliated companies of Resolute Investment Managers had $71.2 billion in assets under management.

Transaction Summary:
Resolute Investment Managers, Inc. (“Resolute”), a diversified, multi-affiliate asset management platform with more than 40 affiliated and independent investment manager partnerships, announced an agreement to acquire a majority interest in SSI Investment Management (“SSI”), an institutional asset manager specializing in risk-mitigation strategies for institutional and high net-worth investors. Resolute’s primary role will be to provide operational support and additional distribution resources to SSI, which will operate as an autonomous subsidiary. Clients will not see any changes in either firm’s daily operations or personnel.