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Money Management

Swiss alts firm acquires Italian funds-of-funds manager

Capital Dynamics agreed to acquire 100% of alternatives and funds-of-funds money manager Advanced Capital SGR.

Capital Dynamics, which has $15 billion in assets under management and advice, focuses on private assets including private equity, private credit, clean energy infrastructure and energy infrastructure credit. A spokesman for the firm, which is headquartered in Zug, Switzerland, said terms of the deal were not disclosed. He wouldn't comment further.

Advanced Capital SGR manages private equity, real estate and energy funds of funds and is based in Milan, Italy. Assets under management could not be learned by press time.

"Once completed, this acquisition will deliver a broader array of private markets solutions to Italian investors and further demonstrate our strategy of growth through a strong commitment to important regional markets and investors," said Martin Hahn, CEO of Capital Dynamics, in a news release.

The deal is expected to close in the third quarter.