Fidante Partners, an international investment management business, has acquired a minority stake in US-based Latigo Partners, a fund manager focused on event-driven investing
Fidante Partners, an international investment management business, has acquired a minority stake in US-based Latigo Partners, a fund manager focused on event-driven investing. Established in 2005, Latigo specialises in distressed securities, special situations and long/short credit and equity investing. The precise size of the stake or the financial terms of the deal were not disclosed.
Under the agreement, the Life unit of Fidante parent- Challenger- will invest in Latigo funds. Latigo will leverage Fidante’s distribution and business development capabilities to gain access to long-term global institutional investors.
Partnering with Latigo is consistent with Fidante’s strategy of expanding alternatives offerings. Fidante invests in specialist investment managers with differentiated strategies where active investment management skills can deliver attractive results for investors.
Fidante’s specialist distribution and business development expertise will provide Latigo with access to well-suited, long-term global institutional investors including sovereign wealth funds, national pensions and superannuation funds.
Global Head, Fidante Partners, Cathy Hales said that Latigo’s event-driven investment strategy is highly relevant in today’s investment climate. Hales said that Fidante is excited by the opportunity to partner with a high-quality team and bring their active investment management skills to the attention of institutional investors in the UK and Europe, in addition to other key markets such as Australia and Japan.
Fidante believes it has found in Latigo a very positive business culture fit with the Fidante team. It admires Latigo’s focus on delivering investment results to their clients and their passion for their investment craft. This investment and partnership with Latigo is part of Fidante Partners’ global growth plans. Fidante is always striving to offer its clients access to innovative strategies from best of breed boutique managers around the world.
Co-founder of Latigo, David Ford added that this strategic partnership with Fidante and long-term investment from Challenger allows it better focus on what it does best – identifying needle-in-a-haystack investment opportunities. Additionally, access to Fidante’s distribution and business development capabilities will help expand its reach to a global base of investors.
Co-founder of Latigo, David Sabath said that Fidante is a great cultural match for Latigo and it looks forward to partnering with them as it positions the firm for its next phase of growth.
