Private Equity – iM Global Partner Investment in Scharf Investments

Seward & Kissel LLP represented iM Global Partner in its acquisition of a 40% minority interest in Scharf Investments, a California-based asset manager founded in 1983 which has $3.4 billion of assets under management. Scharf provides high quality value investment strategies to individuals, family offices, corporations, endowments and foundations. It manages four mutual funds, in addition to separate accounts that utilize its strategies.

iM Global Partner is an innovative global multi-boutique platform, based in Paris, London and Philadelphia, that partners with independent asset management firms to accelerate their business growth, including through worldwide and multi-channel distribution. The transaction is iM Global Partner’s fifth strategic minority investment in U.S. asset managers (all of which have been handled by teams at Seward & Kissel), giving iM Global Partner $9.6 billion of assets under management in proportion to its participation in the five firms.

For more information about the matter, please see the company’s press release.