2023

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AlbaCore Capital Group announces strategic partnership with First Sentier Investors

20 March 2023

 

LONDON 20 March 2023: European credit specialist AlbaCore Capital Group (“AlbaCore”) is pleased to announce it has entered into a strategic partnership with First Sentier Investors (“FSI”), a leading global investment management group. The partnership unites AlbaCore’s credit expertise and track record of delivering alpha to investors with FSI’s strategic capital and broad distribution strengths. This will support the expansion of existing and new strategies for the benefit of both firms and further enable AlbaCore to meet the growing needs of institutional investors in alternative credit.


FSI will acquire a majority stake in AlbaCore, with the senior team retaining a significant shareholding and remaining invested in the business for the long-term.


As part of FSI’s multi-boutique approach, AlbaCore will continue to operate with complete investment and business autonomy with no change to its teams, office locations or brand. The current leadership team will run the business day-to-day, with one reporting line from Managing Partner and Chief Investment Officer David Allen to FSI’s Chief Executive Officer Mark Steinberg.

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