Key Takeaways
- • Cambridge Associates has agreed to acquire SIGLO Capital Advisors AG, a Swiss alternative asset advisory firm with an insurance-linked securities (ILS) practice, adding ILS capabilities to its platform.
- • SIGLO, founded in 2010, manages around 40 asset management and advisory mandates for professional and institutional clients in Switzerland, specializing in ILS, private debt, drawdown management, and impact investing.
- • The deal is subject to authorization from the Swiss Financial Market Supervisory Authority (FINMA) and is expected to close in autumn 2024.
- • The acquisition marks Cambridge Associates' first Swiss location, extending its European footprint beyond London and Munich and strengthening its coverage of Swiss and DACH clients.
Summary
Cambridge Associates, a global investment firm, has reached an agreement to acquire SIGLO Capital Advisors AG, a Swiss-based alternative asset advisory specialist with an insurance-linked securities (ILS) practice, according to the company's announcement. SIGLO, founded in 2010, has around 40 asset management and advisory mandates on behalf of professional and institutional clients in Switzerland. The firm specializes in ILS, private debt, drawdown management, and impact investing, and is licensed and supervised by FINMA.
The transaction is subject to FINMA authorization and is expected to close in autumn 2024. Cambridge Associates describes SIGLO as a "highly complementary alternatives business" that adds to its existing private investment platform. SIGLO co-founders Michael Knecht and Christoph Gort said the two firms share similar values and client-first cultures, describing the move as a significant milestone in bringing a more holistic suite of alternative investment solutions to clients.
The acquisition establishes Cambridge Associates' first presence in Switzerland, building on its existing European offices in London and Munich, where it has served European pension, endowment, foundation, and private clients for almost four decades. David Druley, CEO of Cambridge Associates, said onboarding the SIGLO team would strengthen the firm's commitment to Swiss and DACH clients. Following the transaction, SIGLO clients are expected to gain access to an expanded investment offering across a broad range of asset classes.
Alex Koriath, Head of Cambridge Associates' European Pension Practice and Munich office, said demand in Europe for portfolio management services and access to alternatives and private market allocations remains strong. He said the integration of SIGLO's platform would add to CA's investment and analytics capabilities, particularly in ILS.
The transaction is subject to FINMA authorization and is expected to close in autumn 2024. Cambridge Associates describes SIGLO as a "highly complementary alternatives business" that adds to its existing private investment platform. SIGLO co-founders Michael Knecht and Christoph Gort said the two firms share similar values and client-first cultures, describing the move as a significant milestone in bringing a more holistic suite of alternative investment solutions to clients.
The acquisition establishes Cambridge Associates' first presence in Switzerland, building on its existing European offices in London and Munich, where it has served European pension, endowment, foundation, and private clients for almost four decades. David Druley, CEO of Cambridge Associates, said onboarding the SIGLO team would strengthen the firm's commitment to Swiss and DACH clients. Following the transaction, SIGLO clients are expected to gain access to an expanded investment offering across a broad range of asset classes.
Alex Koriath, Head of Cambridge Associates' European Pension Practice and Munich office, said demand in Europe for portfolio management services and access to alternatives and private market allocations remains strong. He said the integration of SIGLO's platform would add to CA's investment and analytics capabilities, particularly in ILS.
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