Aksia completes acquisition of TorreyCove Capital Partners

Aksia has completed the acquisition of TorreyCove Capital Partners. In January, the firms announced that they had entered into an agreement and expected the transaction to close in the first half of 2020. Financial terms have not been disclosed.

With the integration, the combined firm now advises on over USD160 billion in alternative assets with more than 250 professionals globally, including over 160 professionals focused on investment research, operational due diligence, risk management and client operations. As a specialist alternatives research and investment advisory firm serving the needs of institutional investors, Aksia’s expertise now covers private equity, private credit, hedge funds and real assets strategies.

Aksia says clients will now benefit from larger and deeper research teams, broader geographic reach, pan-alternatives expertise, and a focus on technology solutions to access a wide range of research on investments as well as portfolio, accounting, and risk reporting. Experienced portfolio advisory teams as well as Aksia’s pan-alts operational due diligence capabilities will round out support available for client alternatives programs.