Dechert is advising GQG Partners Inc. (GQG), a U.S.-based global investment boutique focused on managing active equity portfolios, on the prospective launch of its private capital solutions business, GQG Private Capital Solutions LLC (PCS). Dechert is also advising GQG on an agreement for an affiliate of GQG to acquire equity interests in certain boutiques from Pacific Current Group Limited, a global multi-boutique asset management business, and certain of its U.S. affiliates (collectively, PAC).
A GQG affiliate is expected to acquire PAC’s minority interests in Avante Capital Partners, Proterra Investment Partners and Cordillera Investment Partners for aggregate cash consideration of US$71.25 million. Following completion, the interests in Avante, Cordillera and Proterra will represent the foundational investments for PCS, which will focus on providing a broad range of financing and strategic solutions to mid-market private capital asset management firms.
The Dechert team advising GQG on the launch includes financial services partners David Bartels and Omoz Osayimwese and associates Jennifer DiNuccio, David Miller, Lucy Yang and Michael Murphy; and tax partners Joshua Milgrim and Adrienne Baker and associate Guen Park.
The Dechert team advising GQG on the acquisition includes, in addition to the above, corporate partner Stephen Pratt and associates Christopher Rodrigues, Laura Xie and Shanelle Gordon; tax associate Insung Kim; employee benefits partner Kevin Kay and associate Tabitha Crosier; intellectual property partner Thomas Rayski and associate Frank Hwang; and real estate special counsel Francois Quintard-Morenas and associate Devyn Kurpis.
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