Lighthouse Investment Partners LLC has agreed to acquire substantially all of the assets of Mesirow Advanced Strategies.
Mesirow Advanced Strategies, the multimanager hedge fund division of Mesirow Financial, handles about $8 billion for global institutional investors.
A significant part of the Mesirow Advanced Strategies team will transfer to Lighthouse. After the deal closes, Mesirow Financial will become a distribution partner for Lighthouse.
Financial terms of the transaction were not disclosed. The transaction is expected to close mid-2018.
