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Home / transaction / Berkshire Global Advisors acted as financial advisor to Asset Preservation Advisors
Berkshire Global Advisors acted as financial advisor to Asset Preservation Advisors
  • has received a minority investment from

    • Berkshire Global Advisors acted as financial advisor to Asset Preservation Advisors

  • Date: September 2021
  • Sector: Investment Management
  • Sub-Sector: Municipal Fixed Income
  • Region: North America
  • Seller AUM: $4.8 Billion

    • Seller Details:
    APA, founded in 1989, is a leading independent investment advisor specializing in managing high quality tax-exempt and taxable municipal bond portfolios for registered investment advisors, family wealth offices, financial advisors and institutional clients. Since its founding, Asset Preservation Advisors is committed to delivering the highest level of service quality and wealth preservation. A consistent investment process and corresponding trading discipline led to APA’s growth in assets under management over the past three decades. APA currently manages $4.8 billion for clients in 35 states and in Europe.

    Buyer Details:
    iM Global Partner is a worldwide asset management network. It selects and builds long-term partnerships with talented and independent asset management companies through direct capital ownership. iM Global Partner is present in 16 locations across Europe and the United States and provides its clients with access to the best management strategies of its Partners. iM Global Partner represents around 37 billion USD of assets under management as of September 2021.

    Transaction Summary:
    Through this new partnership APA joins iM Global Partner’s extensive global asset management and distribution network, while ensuring its long-term independence for decades to come.

    This latest strategic partnership reinforces iM Global Partners’ commitment to the US market and is yet another example of its rapid expansion. The firm has grown AUM from $7 billion at end 2018 to more than $37 billion today – more than 400% growth in just 3 years.