Nile Capital Group Holdings acquires minority stake in ABS Global Investments to reshape investment landscape

In a significant development within the investment sector, ABS Global Investments (“ABS”), a distinguished global investment firm, has secured Nile Capital Group Holdings (“Nile”) as its new strategic investor. The move follows ABS’s acquisition of the remaining 23% minority interest previously held by Evercore Inc. (“Evercore”). This new partnership marks a pivotal moment for ABS, reflecting its ongoing commitment to expanding its market reach and enhancing its investment solutions.

Partnership Enhances ABS’s Market Reach

ABS Global Investments, known for its expertise in sourcing alpha opportunities across global equity and emerging markets, will now benefit from Nile Capital Group Holdings’ industry knowledge. Nile, a private equity firm specialising in GP stake investments in asset managers, is set to play a crucial role in amplifying ABS’s growth strategy. ABS, headquartered in Greenwich, Connecticut, manages over $7 billion in assets and serves a diverse client base including pension plans, endowments, foundations, and private wealth platforms.

Laurence Russian, Founding Partner and Portfolio Manager at ABS, expressed enthusiasm about the partnership, noting that Nile’s extensive experience in the asset management sector will significantly bolster ABS’s capabilities. Russian highlighted the positive impact of Nile’s investment on ABS’s market expansion and product offerings. He acknowledged the decade-long partnership with Evercore, expressing gratitude for their support over the years.

Nile Capital Group Holdings to Foster Innovation and Growth

Nile’s investment in ABS underscores its strategic focus on acquiring equity stakes in high-performance, founder-owned asset management companies. Guilherme Ribeiro do Valle, Founding Partner and Portfolio Manager at ABS, praised the partnership, emphasising the exciting opportunities it presents for ABS’s future. Nile’s commitment to fostering innovation aligns with ABS’s culture of excellence, driven by a focus on customer success and talent development.

Melvin Lindsey, Managing Partner at Nile, recognised ABS’s track record of providing differentiated alpha solutions. Lindsey commended ABS’s leadership under Laurence Russian and Guilherme Ribeiro do Valle, asserting that the partnership with Nile would build upon ABS’s strong momentum and reinforce its position as a market leader.

Support and Advisement

The partnership was facilitated with Berkshire Global Advisors acting as Nile’s exclusive financial advisor, and Reed Smith providing legal counsel. ABS will continue to operate under its existing management team, maintaining its focus on sourcing alpha opportunities and delivering tailored investment solutions.

About ABS Global Investments and Nile Capital Group Holdings

ABS Global Investments, with additional offices in Hong Kong and Zurich, leverages its proprietary system, The ABSolute, to enhance research, due diligence, and risk management processes. Nile Capital Group Holdings, headquartered in Los Angeles, invests in scalable asset management firms, providing growth capital and leveraging its T.I.D.E.S. operational framework to drive success.