Berkshire Global Advisors client FLAG Capital Management is acquired by Aberdeen
FLAG Capital Management, LLC is a diversified private markets solutions business focused on venture capital, small to mid-cap private equity and real assets in the U.S., as well as, private equity in the Asia-Pacific region.
Aberdeen is an independent asset management company. Formed out of a management buy-out in Aberdeen, Scotland, in 1983, Aberdeen is now a FTSE 100 company operating on-the-ground in over 25 countries across Europe, Asia and the Americas. In the United States, Aberdeen Asset Management (AAM) is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd and Aberdeen Asset Management Asia Ltd, each of which is wholly owned by Aberdeen Asset Management PLC.
This acquisition is in line with Aberdeen’s strategy to strengthen and grow its global alternatives platform and solutions provision via multi-manager coverage of hedge funds, property and private market allocations, infrastructure investments and pan-alternative capabilities. FLAG’s well-established private equity teams in the U.S. and Asia will help broaden Aberdeen’s private markets solutions activity within the alternatives arena. The business will be fully integrated into Aberdeen’s current private markets capability.