Omni Bridgeway Enhances Capital Model with Ares Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Source: Business Insider
Transaction Overview: Omni Bridgeway has entered a significant agreement with Ares Management Corporation to create a continuation fund, selling a 70% stake in over 150 investments for approximately A$310 million, while retaining a 30% interest for future profits.
Strategic Benefits: This move enhances Omni Bridgeway's capital-light model, improves its cash position, provides additional management fees, simplifies financial reporting, and strengthens its status as a leading fund manager for legal assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
