FS Investments to acquire $1.8 million boutique firm

Specialist in multi-asset investing has three funds and $1.8 billion in AUM
DEC 17, 2019
FS Investments, a Philadelphia, Pa.-based alternative investment manager with more than $24 billion in assets under management, has agreed to acquire Chiron Investment Management, a global multi-asset investment boutique managing $1.8 billion. [More:​ Consider diversity when it comes to mergers and acquisitions] Terms of the acquisition were not disclosed. Chiron, founded in 2015 and based in New York and Kansas City, Kan., manages three mutual funds: Capital Allocation Fund, Chiron SMid Opportunities Fund and Chiron Global Opportunities Fund. [Recommended video: Why advisers are slow to recognize the world moving towards ESG] Following the close of the transaction, Enrico Gaglioti, CEO of Chiron, will join FS in a senior leadership position. Ryan Caldwell, Chiron's chief investment officer of Chiron, and his team will continue managing all of Chiron's funds. ​

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