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Mesirow Sells Hedge Fund Platform
Mesirow Financial is selling its $8-billion hedge fund platform, Mesirow Advanced Strategies, in order to focus more tightly on its investment management, capital markets and investment banking businesses. The buyer is Lighthouse Investment Partners, based in Palm Beach Gardens, FL. Deal terms were not disclosed.
Most of the 70-member MAS team will join Lighthouse, the two companies said. “The combination of Lighthouse’s industry-leading managed account platform and strong track record, coupled with MAS’s strengths in less liquid strategies, such as credit and other lending strategies, creates what we believe is a truly unique offering of which our clients will benefit,” said Richard Price, Mesirow’s chairman and CEO.
Founded in 1937 and headquartered in Chicago’s River North neighborhood, Mesirow is active in a number of CRE finance realms, including direct investment opportunities for institutions and sale-leaseback financing.
- ◦Financing
- ◦Sale/Acquisition
