Aberdeen to Acquire FLAG Capital Management

May 27 2015 | 9:09am ET

Aberdeen Asset Management announced it will acquire FLAG Capital Management, a manager of private equity and real asset solutions, to boost its global alternatives capabilities.

This acquisition is part of Aberdeen's broader 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.

Aberdeen's alternatives platform, overseen by Andrew McCaffery, Global Head of Alternatives, will have total  assets under management of $21.3 billion following completion of the transaction. 

FLAG's private equity teams in the U.S. and Asia will help broaden Aberdeen's private markets solutions activity within the alternatives arena. As of December 31, 2014, FLAG managed assets of roughly $6.3 billion. 

FLAG 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. The business will be fully integrated into Aberdeen's current private markets capability. 

The deal will expand Aberdeen's team to more than 50 investment professionals.

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