Seller Details:
ABS Global Investments (“ABS”) 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.
Buyer Details:
Nile Capital Group Holdings, LLC (“Nile”) 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.
Transaction Summary:
ABS Global Investments, a global investment firm focused on differentiated equity strategies, together with Nile Capital Group Holdings, 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. The partnership is expected to provide valuable support to ABS’ talented management team, fostering innovation and the expansion of its distribution efforts.