Liquid alternatives manager 361 Capital is acquiring global equity money manager BRC Investment Management, said 361 Capital spokeswoman Jennifer Brookfield.
Terms of the deal are not being disclosed; the deal is expected to close Oct. 31. The firms will operate under the 361 Capital name. BRC is currently located in Greenwood Village, Colo., while 361 is in Denver.
“We are thrilled to be adding BRC Investment Management’s highly experienced team to further our vision of being a world-class investment management firm specializing in distinctive solutions rooted in behavioral finance,” said Tom Florence, 361 Capital’s president and CEO, in a news release. “Incorporating BRC Investment Management into our platform broadens our capabilities and expands our distribution footprint across both institutional and intermediary channels.”
361 Capital has $1.3 billion in assets under management, and BRC Investment Management has $800 million in AUM.