Altegris set to become an independent alternatives firm
September 10, 2020 | Aakriti Gera | S&P Global Market Intelligence
Artivest Holdings Inc. and Altegris Holdings entered into a definitive agreement, under which Altegris co-founder and Artivest Chief Investment Officer Matt Osborne, in partnership with Continuum Capital Managers, will acquire the Altegris entities and all related assets from Artivest.
The terms of the agreement were not disclosed.
Osborne and Continuum Capital will reestablish Altegris as an independent company in the alternative investment marketplace. The firm will focus on public and registered alternative offerings, including acquisition opportunities alongside new organic product launches.
The deal is expected to close later this year and completes the sale of Artivest’s assets following the previously announced sale of its private funds and technology platform to Institutional Capital Network Inc.
Upon closing of the transaction, the newly independent Altegris will manage about $800 million in assets. Osborne will lead the firm as CEO and chief investment officer, alongside a management team consisting of former Artivest and Altegris employees.
Procopio, Cory, Hargreaves & Savitch LLP served as legal adviser to Altegris Holdings, while Stradley Ronon Stevens & Young LLP served as legal adviser to Artivest.
