”Faster, Higher, Stronger -Together”
Through its partnership with AXA IM Prime, Rivage Investment adopts the Olympic motto
On the 26th of July, Rivage Investment and PRIvate Markets Enabler (AXA IM Prime) signed a Shared Purchase Agreement (SPA) for AXA IM Prime to acquire a 20% stake in Rivage Investment’s capital. The closure of the transaction will take place after the French financial markets’ regulator AMF has granted its authorisation.
Axa IM Prime is an AXA group General Partner dedicated to open architecture investments in private markets and hedge funds on behalf of the AXA group as well as third-party investors. Within this platform, a fund was launched intended for minority stakes in Blue-chip unlisted mid-market asset managers, able to deliver regular returns with cash yield. This GP Stake fund will house the stake in Rivage Investment.
This deal demonstrates AXA IM Prime’s satisfaction with the quality of Rivage’s management, the insurance group AXA, being an investor in Funds managed by Rivage Investment since 2016.
What is more, this transaction also testifies its trust in the strategy, values, expertise, governance and long-term structural growth potential of the businesses deployed by the teams of Rivage Investment, on behalf of their entire investor base. As proof of this renewed trust, AXA has simultaneously decided to invest a significant amount in the new vintage of the high return infrastructure debt strategy, REDI High Return 3 and intends to support the developments of Rivage Investment.
At last, historically owned exclusively by its collaborators, Rivage Investment welcomes this new partner into its capital all the more willingly, as this minority GP stake investment preserves both its share-holding and management independence. All our investors will continue to benefit from complete alignment of interests.
With this leading partner, Rivage Investment will have numerous levers to strengthen its historical positions and create new development opportunities in Europe and on other continents, for the benefit of its clients.
