Cambridge Associates expanded its alternative investment capabilities with the acquisition of Zurich-based manager SIGLO Capital Advisors.
The deal, which is subject to authorization by the Swiss Financial Market Supervisory Authority, is expected to close in the fall, a news release said.
Terms of the deal were not disclosed, a spokesperson confirmed.
SIGLO was founded in 2010 and manages bespoke alternative investment solutions including insurance-linked securities, private credit, hedge funds and impact investing. It’s primary client base is made up of institutional and professional investors in Switzerland.
“Cambridge Associates and SIGLO share similar values, clients-first cultures, and deep commitments to delivering exceptional performance for client-specific goals and needs,” said Michael Knecht and Christoph Gort, co-founders of SIGLO, in the news release. “This strategic move marks a significant milestone in our journey to bring a more holistic suite of alternative investment solutions to our clients, our partners and our entire team.”
The deal marks Cambridge’s first office in Switzerland. It has European offices in London and Munich.
“Onboarding the entire SIGLO team and establishing CA’s presence in Switzerland will further strengthen our commitment to Swiss and DACH clients,” CEO David Druley said in the same release, with DACH referring to the German words for Germany, Austria and Switzerland. “Europe has long been a key market for the firm, and we are very excited about this next stage in our endeavor to provide excellent service to clients across the region.”
Cambridge Associates had $568 billion in assets under management/advisement as of Dec. 31. SIGLO has $2.5 billion in AUM.
