HighVista Strategies has signed a definitive agreement to acquire the U.S. private markets business of abrdn, abrdn plc’s U.S. subsidiary, including the U.S. private equity and venture capital assets, and the investment and operational teams.
Terms of the transaction, expected to close later this year, were not disclosed.
“The combination of abrdn’s U.S. private equity and venture capital business with HighVista unites two teams that are culturally and philosophically aligned, especially around our investment approach and pursuit of alpha in inefficient markets,” said André Perold, CIO, co-founder and partner at HighVista Strategies. “Our teams have known each other for years, and we expect this collaboration to lead to significant cross-pollination of investment ideas over time.
Kirsten Morin and Peter Mooradian, co-heads of abrdn’s global venture capital investments, will continue to manage the global venture capital strategy, with industry vetera