On January 4, 2024, investment manager Alger Group Holdings, LLC (“Alger”) announced that it had agreed to acquire growth equity manager Redwood Investments, LLC (“Redwood”). Seward & Kissel is pleased to be representing Alger in connection with this investment management industry transaction.

Alger, a privately-held, women-owned and minority-led growth equity investment manager, provides U.S. and non-U.S. institutional investors and financial advisors access to a suite of separate accounts, mutual funds, ETFs, and privately offered investment vehicles. Redwood, which is majority woman-owned, is a specialized global growth equity manager with over $1.6 billion in assets under management for primarily institutional clients. Following completion of the transaction, Redwood will become sub-advisor to Alger’s International Focus, Emerging Markets and Global Focus funds.

Seward & Kissel LLP (www.sewkis.com) is a leading New York law firm, originally established in 1890, offering legal advice emphasizing business, financial and commercial law and related litigation. The firm’s Business Transactions Group handles middle-market M&A, private equity, venture capital and joint venture transactions involving a wide variety of industries. The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA and is recommended by The Legal 500 in the middle-market M&A category, stating that Seward & Kissel “advises on market-leading transactions within the industries where the firm has an international reputation, namely investment management and shipping.”

The company’s press release describing this transaction is available here.