Amundi to acquire private markets specialist Alpha Associates

Combined €20bn of assets

Amundi is set to acquire private markets specialist Alpha Associates, as Europe's largest manager looks to expand its presence in the growing sector.

The firm announced today (7 February) that it has signed a binding agreement for the acquisition of the Zurich-based asset manager, which manages €8.5bn of assets. Once the transaction is completed, Amundi will manage a combined €20bn of assets in the sector, with a team of over 70 experts and a multi-manager offering spanning private debt, infrastructure, private equity and venture capital.   BlackRock acquires Global Infrastructure Partners for $12.5bn in private markets push The deal will also provide the asset management giant with an enlarged client base, a bigger geographi...