Pavilion Financial Corporation announces closing of Altius Holdings Ltd. transaction; launches Pavilion Alternatives Group
Pavilion Alternatives group formed by The combination of Altius Associates and LP Capital Advisors; Acquisition enhances Pavilion’s positioning in global institutional Alternative asset advisory business
LONDON, SACRAMENTO, September 7, 2016 — Pavilion Financial Corporation (Pavilion), a North American based employee-owned, investment services firm, today announced the closing of the acquisition of Altius Holdings Ltd., the parent company of Altius Associates Ltd. and Altius Associates (Singapore) Pte. Ltd. (Altius Associates). Altius Associates is a global private markets advisory and separate account management firm with offices in the UK, U.S. and Singapore.
Pavilion also announced the establishment of Pavilion Alternatives Group™ which represents the combined operations of Altius Associates and LP Capital Advisors, LLC (LPCA), the alternative asset advisory subsidiary of Pavilion headquartered in Sacramento, California. The rebranding for both organizations is effective immediately.
“Pavilion Alternatives Group will proudly carry forward the shared vision of its two founding firms to provide institutional clients with objective, thoughtful and well-researched advice on alternative assets, within a culture that is entrepreneurial, client-focused and attuned to our clients’ fiduciary obligations,” said Donn Cox, President and Managing Director.
Mr. Cox, former President and Managing Director of LPCA, will lead the Pavilion Alternatives Group team which includes former Altius Associates founder John Hess in the role of Head of Global Strategic Initiatives and former Altius Associates co-CEOs, Jenny Fenton and Brad Young in the roles of Chief Operating & Risk Officer, and Managing Director & Head of Private Markets Advisory, respectively.
Key facts about Pavilion Alternatives Group
- Over $60 billion of assets and $130 billion of committed capital under advisement;
- Expertise across private equity, private credit, real assets and hedge funds;
- Over 70 professionals across seven offices in Europe, Asia and North America;
- Recommended over $68 billion in client commitments across private market strategies;
- Provides customized risk management services to institutional clients and portfolios totaling nearly 1,000 investments; and
- Annually screens over 1,500 opportunities and holds approximately 500 meetings with managers.
As part of the transaction, Altius Associates senior management and several additional employees will join their LPCA colleagues as shareholders of Pavilion, an employee owned firm.
Through a combination of acquisitions and recruitment, Pavilion has been executing its strategy of assembling various expert and specialized teams to bring top quality investment advisory services and solutions to clients. This is Pavilion’s fifth transaction since 2010.
About Pavilion Financial Corporation
Founded in 2006, Pavilion Financial Corporation is an employee-owned investment services firm offering advice and execution services to institutional and other investors. It has grown organically and through acquisition and strategic recruitment of well-regarded generalist and specialist teams. Through its subsidiaries, Pavilion offers a comprehensive suite of integrated services such as investment consulting, implemented consulting, transition management, securities trading, research and wealth management. For more information, visit www.pavilioncorp.com.
About Pavilion Alternatives Group™
Pavilion Alternatives Group provides investment consulting services across alternative asset classes including private equity, private credit, real assets and hedge funds. Formed via the merger of Altius Associates (established 1998) and LP Capital Advisors (established 2004), Pavilion Alternatives Group has a successful track record of investing in a wide array of strategies across asset classes, industries and geographies, in various formats including commingled funds, secondaries, directs/co-investments and client-driven separately managed accounts, and throughout multiple economic and market cycles. The alternatives team features over 70 professionals serving clients globally from Europe, Asia, Australia and North America. It currently advises and provides customized solutions on more than $60 billion of alternative assets and $130 billion of committed capital for global clients including corporate and public pension plans, sovereign wealth funds, healthcare organizations, insurance plans, endowments, foundations and family offices. For more information, visit www.pavilioncorp.com/alternatives. Pavilion Alternatives Group is a trademark of Pavilion Financial Corporation, used under license by Pavilion Alternatives Group, LLC in the U.S., Pavilion Alternatives Group Limited in the UK, Pavilion Alternatives Group (Singapore) Pte Ltd., and Pavilion Advisory Group Ltd. in Canada.