North-American based, Pavilion Financial Corporation, has announced plans to acquire global private markets and advisory firm, Altius Holdings, in a transaction which would give it at least some access to the Australian market.
Pavilion announced that it would be combing the operations of Altius Associates with those of its alternative asset advisory subsidiary, LP Capital Advisors.
Altius Associates is regarded as a global private markets advisory and separate account management firm with offices in the UK, U.S. and Singapore.
Pavilion said the transaction would result in the creation of a larger global alternative asset class advisory platform with expanded depth and breadth of services and geographic footprint.
It said that once the transaction was finalised, the combined organisation would be rebranded as Pavilion Alternatives Group and represent Pavilion's global advisory platform specialising in alternative asset classes with total alternative assets under advisement of over US$60 billion, out of a total US$570 billion.
The announcement said Pavilion Alternatives Group would be comprised of approximately 70 dedicated professionals located in London, UK, Singapore, and across offices in North America (Sacramento, Richmond, Boston, Salt Lake City and Montreal).
It said all senior management from Altius Associates and LPCA would remain in leadership positions in Pavilion Alternatives Group.