German property group Patrizia has acquired Copenhagen-based Advantage Investment Partners, a diversified multi-manager with both institutional and wholesale distribution channels.
Advantage Investment Partners was founded in 2018 and manages $1.2 bn (€1.14 bn) fee-earning assets under management (fee-earning AUM) as at 30 June 2022, which are expected to surpass $2 bn by end of 2022 and exceed $3 bn by end of 2024.
Advantage Investment Partners’ multi-manager product shelf includes a club deal invested in global infrastructure equity and a commingled discretionary fund series invested in North American private equity.
Advantage is also in advanced discussions to launch further products, with a nimble approach to raising new products leading to a lower “time to market” for new products vs. traditional investment managers.
In a statement, Patrizia said that the acquisition strengthens its access to Nordic institutional clients and wholesale distribution channels through a balance sheet light model (including via bank partnerships with mid/large cap Nordic banks).
‘The growth journey of Advantage Investment Partners over the last four years has been very impressive and now is the perfect time for us to join forces,’ commented Patrizia’s founder and CEO, Wolfgang Egger. ‘Our new colleagues in Copenhagen will give Patrizia’s real assets and alternatives growth plans a big boost, with our institutional and wholesale clients benefiting from even broader access to global infrastructure and private equity. The acquisition will also allow our clients to tap into an established multi-manager investment strategy.’
Founder and managing partner at Advantage Investment Partners, Anders Dalhoff, added: ‘Culturally Patrizia is a perfect fit for us as both of our firms have a strong entrepreneurial mindset and a client-centric approach. This is a win-win for all of us: our existing and new clients will gain access to a much broader global network and product shelf, as well as the proven expertise of Patrizia. Our team can continue to grow professionally within the Patrizia family and Patrizia will be enriched by the highly diverse products and new sales channels we bring to the table.’
Since 2018, the team of 15 employees has established a strong track record in providing Nordic institutional as well as High Net Worth Individual (HNWI) wholesale investors with access to global real asset products of large-cap blue-chip General Partners (GPs).