– New York Life Investments, Candriam, and Andera Partners have announced plans to enter into a strategic partnership.
– New York Life Investments will acquire a 40% minority interest in Andera through its global affiliate network.
– New York Life Investments is a diversified global asset management firm with $750 billion in assets under management (AUM).
– Andera is European investment firm managing EUR 4.3 billion in assets, specializing in middle-market, growth, and small-market private equity, mezzanine debt, life sciences venture capital, and energy transition infrastructure.
– The partnership aims to broaden New York Life Investments’ alternative investment capabilities to meet growing demand for private market assets.
– The partnership expands New York Life Investments’ $65 billion AUM private markets offering, which includes Apogem Capital, Tristan Capital Partners, and Kartesia .
– Andera will benefit from New York Life Investments’ and Candriam’s distribution network, global scale, and operational resources to expand its client base and private capital strategies.
– Naïm Abou-Jaoudé, CEO of New York Life Investment Management, emphasizes the complementary investment performance and expertise of Andera.
– Vincent Hamelink, CFA, CEO of Candriam, highlights the partnership’s potential to broaden offerings in European private capital.
– Laurent Tourtois and Raphael WISNIEWSKI, Managing Partners at Andera, express confidence in the partnership’s potential to accelerate international growth and play a key role in financing European SMEs, medical innovation, and energy transition.
– The transaction is subject to consultation with employee representative bodies and regulatory approvals, expected to close in the first half of 2025.
– Terms of the deal are not disclosed.
