Amundi Asset Management is acquiring Zurich-based Alpha Associates, enhancing its private markets multi-management capabilities with a combined AUM of approximately €20 billion.

Transaction Summary

On 7 February 2024, Amundi Asset Management announced the signing of a binding agreement for the acquisition of Alpha Associates, an independent asset manager based in Zurich, specializing in private markets multi-management investment solutions, with approximately €8 billion in assets under management (AUM).

This transaction will integrate Amundi’s existing private markets multi-management business, which is managed by a dedicated team in Paris with over 20 years of experience and manages around €12 billion for institutional clients primarily in France, Italy, and Spain. The combined operations will form a new business line led by Alpha Associates' current management team.

Alpha Associates Overview

Founded in 2004, Alpha Associates is a founder-led firm based in Zurich, specializing in private markets multi-management with a current AUM of €8 billion. The firm provides institutional investors,

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Amundi Asset Management

invested in

Alpha Associates

in 2024

in a Corporate VC deal

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