Ethos Private Equity To Merge With The Rohatyn Group
Ethos Private Equity To Merge With The Rohatyn Group. The Rohatyn Group (“TRG”), a specialized global asset management firm focused on investment solutions inemerging markets and real assets, has entered into a definitive agreement to acquire the company’s contracted investment advisor, Ethos Private Equity (Pty) Ltd, a leading alternative assetmanagement firm in Africa.
TRG was established by its Chief Executive Officer Nicolas Rohatyn in 2002 and has grown into one of thelargest partner-owned, emerging market focused alternative asset managers with c.US$6bn of Assets underManagement (“AuM”). TRG has three business units namely: Private Markets (46% of AuM), Public Markets(25% of AuM) and Forestry & Agriculture (29% of AuM). TRG is headquartered in New York and has over 120 employees in 16 cities across the globe. The business has grown rapidly both organically and through other General Partner (“GP”) acquisitions.
Incorporating Ethos expands TRG’s capabilities and local presence giving investors access to one of the largest and fastest growing regions in the world. Africa is a diverse investment destination with significant potential opportunities in private markets, real assets, and public markets, for which local expertise and experience are paramount to achieve successful outcomes. Combining forces with Ethos positions TRG to deliver a larger array of investment solutions to Limited Partners (“LPs”) of both firms. Since 1984 Ethos has made over 150 investments supporting South African and sub-Saharan businesses. With over 20 years of experience, investment teams at TRG offer capabilities across public equities, corporate and sovereign debt, private markets, forestry, agriculture and infrastructure.
“The philosophical and cultural similarities of TRG and Ethos were apparent from the start,” said Nicolas Rohatyn. “We share a belief that multiple thematic cross currents — such as private credit, renewable energy, digitalization, and agriculture, among others — will anchor future investment priorities for investors. Our combined firm, with almost $8 billion in AuM, almost 400 institutional LPs, and the ability to offer solutions forde novo investing, as well as ongoing GP consolidations and fund restructurings, will occupy a unique positionin our industry.”
Stuart MacKenzie, Ethos CEO, added: “Today’s announcement is the start of an exciting new chapter for Ethosand the culmination of the strategic transformation we started in 2016. Since then, we have successfully diversified our product offering, geographic footprint and sources of capital. This Transaction represents a compelling opportunity for us to pursue the next growth phase as the African arm of TRG, one of the largest alternative asset management firms in emerging markets. Our values and cultures are both steeped in apassion for innovation, driving impact, creating value and delivering returns. Together we have an incredible platform for growth, and we are committed to leveraging it for the benefit of all stakeholders.”
