Key Takeaways
- • Mariner Investment Group, a $10.2 billion hedge fund founded by William Michaelcheck, signed a definitive agreement to acquire and merge with Concordia Advisors, a multi-strategy alternative asset manager with approximately $1 billion under management.
- • Following the merger, Mariner's infrastructure and business operations will absorb all of Concordia's operations and investment teams, consolidating the two firms into a single entity.
- • The transaction represents continued consolidation activity in the hedge fund industry, with Mariner expanding its alternative investment platform through the acquisition of Concordia's established business operations.
- • Deal terms were not disclosed publicly, reflecting standard practice in private alternative asset manager transactions.
Summary
Mariner Investment Group, the $10.2 billion alternative investment manager founded in 1992, has entered into a definitive merger agreement to acquire Concordia Advisors, according to announcements on January 15, 2013. The transaction will result in the full absorption of Concordia's business operations and investment teams into Mariner's existing infrastructure and operational platform.
Concordia Advisors operates as a multi-strategy hedge fund with approximately $1 billion in assets under management. The merger will consolidate Concordia's operations entirely within Mariner's organizational structure, eliminating the separate entity and combining the firms' business functions, technology systems, and investment capabilities.
Mariner Investment Group, founded by William Michaelcheck, specializes in alternative investment strategies operating across both public and private markets. The acquisition of Concordia represents the firm's strategy to expand its alternative asset management platform and consolidate specialized investment capabilities under a single operational framework.
While specific transaction terms were not disclosed—standard for privately-held alternative asset managers—the deal reflects broader consolidation trends within the hedge fund industry as firms seek operational efficiencies and expanded asset bases through strategic mergers and acquisitions. The transaction was announced with Bracebridge Young providing official commentary regarding the definitive agreement.
Concordia Advisors operates as a multi-strategy hedge fund with approximately $1 billion in assets under management. The merger will consolidate Concordia's operations entirely within Mariner's organizational structure, eliminating the separate entity and combining the firms' business functions, technology systems, and investment capabilities.
Mariner Investment Group, founded by William Michaelcheck, specializes in alternative investment strategies operating across both public and private markets. The acquisition of Concordia represents the firm's strategy to expand its alternative asset management platform and consolidate specialized investment capabilities under a single operational framework.
While specific transaction terms were not disclosed—standard for privately-held alternative asset managers—the deal reflects broader consolidation trends within the hedge fund industry as firms seek operational efficiencies and expanded asset bases through strategic mergers and acquisitions. The transaction was announced with Bracebridge Young providing official commentary regarding the definitive agreement.
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