Dalton Strategic Partnership To Acquire Boutique Manager MSK Capital Partners

Mar 31 2017 | 12:07am ET

London-based Dalton Strategic Partnership has agreed to acquire boutique alternative investment manager MSK Capital Partners for an undisclosed sum.

The transaction is the first since Wenceslas von Liechtenstein became CEO of Dalton last August. MSK’s funds, which in total manage around $230 million in primarily global long/short equity strategies, will remain a brand within DSP and will complement the larger company’s focus on absolute return, long-only equity and credit strategies for institutional investors. DSP also hopes to expand further into the liquid alternative space through MSK’s expertise in UCITS frameworks.

Terms of the transaction, which should close in next several weeks, were not disclosed.

“This is an important step forward in the development of Dalton Strategic Partnership,” von Liechtenstein said in a statement Thursday. “[MSK CIO] Makis Kaketsis and his team have a very strong investment process, a shared vision and are a close cultural fit. We look forward to welcoming and integrating them into our group.”

“This is a transformational step for MSK,” Kaketsis added. “We have known DSP for many years and are certain that our two businesses are highly complementary. We are looking forward to working with our new colleagues at DSP.”

Former Mercury Asset Management co-chairman Andrew Dalton, who passed away in 2011, founded Dalton in 2002. The firm had more than $1.84 billion of assets under management as of December 31, 2016, deployed mostly across global equities and a range of multi-asset funds.

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