Advent Acquiring 50% Stake in Colombian Asset Manager
June 25, 2013
Advent International has agreed to purchase 50% of Alianza Fiduciaria, an asset management company in Bogotá, Colombia. Selling stakeholder Organización Delima will retain the other 50%. Alianza is a Colombian trust company with more than 27 years in the sector. It manages more than 2,500 trusts with approximately $9 billion in assets under custody and 12 different asset management alternatives, including mutual funds and private equity funds.