Pacific Current Group, a global multi-boutique asset management firm, has agreed to purchase a minority stake in Astarte Capital Partners.
Astarte is a London-based investment manager focused on specialist real asset strategies. The company provides both anchor and working capital to operating experts and emerging investment managers to support their growth.
“We are delighted to be partnering with PAC, a great asset management firm with common values and principles, and a clear vision for the evolution of the asset management industry,” said Stavros Siokos and Teresa Farmaki, co-founders of Astarte. “We expect this partnership to be a catalyst for an exciting new chapter of growth for Astarte.”
Completion of the investment is subject to regulatory approval in the United Kingdom, which is expected to be obtained within the next four to six weeks. Financial terms were not disclosed.