has sold its minority stake in Grosvenor Capital Management back to the company
Financial advisor to Value Asset Management
Value Asset Management sells minority stake in Grosvenor back to the company
October 30, 2007 (New York, NY) - Freeman & Co., LLC, a leading independent advisor to the financial services industry, announced today that it advised Value Asset Management, a former provider of capital to growing investment managers, on the sale of its minority interest in Grosvenor Capital Management back to the company as part of its transaction with private equity firm Hellman & Friedman.
Grosvenor Capital Management is the largest independent hedge fund of funds with $24 billion in assets under management, and the tenth largest hedge fund of funds globally, according to HedgeFund Intelligence.
This transaction is the 13th alternative asset management deal completed by Freeman & Co. and the 4th alternative asset management deal this year.