July 15, 2015

Fidante Partners, the multi-boutique arm of Sydney, Australia-based Challenger Ltd., has announced the 100% acquisition of London-based alternative investment group, Dexion Capital Holdings Ltd for £19.6 million (US$30.6 million).

The deal will increase Fidante’s presence in European alternative investments, its portfolio, and international distribution according to Ian Saines, chief executive of Challenger’s fund management business.

Dexion has combined assets under management of approximately $250 million through its stakes in three London-based boutiques – Agricultural Asset Management Limited, which makes agricultural investments across the U.S. and UK agricultural sectors, Resonance Asset Management Limited, a firm focused on renewable energy, and Horizon Infrastructure Partnership Limited, focused on social housing.

Since being founded in 2000, Dexion has raised in excess of $18 billion in association with leading alternative investment firms including Pershing Square Capital Management, and Brevan Howard Capital Management, and has established a white-label fund distribution business exceeding £130 million. Recently, Dexion has begun adding stakes in boutique managers to which it supplies operational and marketing backing.

Dexion Capital founder, Robin Bowie, states that the deal with Fidante will improve the strength of both firms, enabling them to better capitalize on the rapid increase in interest in alternative investments, which by 2020 could account for 15% of assets under management worldwide, and 40% of revenues.

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