Aksia LLC agreed to acquire TorreyCove Capital Partners LLC.
The combined company will advise on more than $160 billion in alternative assets with over 240 professionals globally, including about 150 professionals focused on investment research and risk management. TorreyCove Capital Partners' five managing directors will become partners of Aksia and will assume senior management roles.
Following the transaction, which is expected to close in the first half of 2020, Aksia's headquarters will remain in New York, with offices in San Diego; London; Tokyo; Boston; Athens, Greece; and Hong Kong.
Financial terms of the deal were not disclosed.
Orrick Herrington & Sutcliffe LLP advised Aksia, while Hogan Lovells US LLP advised TorreyCove Capital Partners.