Financial Adviser to Andera Partners on its Strategic Partnership with New York Life Investments and its European Affiliate, Candriam
Financial Adviser to Andera Partners on its Strategic Partnership with New York Life Investments and its European Affiliate, Candriam
TRANSACTION SUMMARY
On 12 December 2024, Andera Partners (“Andera”) announced plans to enter into a strategic partnership with New York Life Investments (“NYL Investments”), a global diversified asset management firm with $750bn AUM. As part of this strategic partnership, NYL Investments will acquire a 40% minority interest in Andera through its global affiliate network.
This partnership will allow NYL Investments to expand its $65bn private markets offering currently provided via its independent affiliated investment teams, including its US private equity and private debt firm Apogem Capital, European real estate manager Tristan Capital Partners, and private credit specialist Kartesia Management.
Additionally, this partnership positions Andera to expand its client base and further develop its private capital strategies across Europe and globally, leveraging the distribution network, global scale, and operational resources of Candriam and NYL Investments.
ANDERA PARTNERS
Created over 20 years ago, Andera is a European investment firm based in Paris with over €4bn AUM specialising in middle-market, growth and small-market private equity investments, as well as mezzanine debt, life sciences venture capital and energy transition infrastructure for institutional and private investors.
NEW YORK LIFE INVESTMENTS
With $750bn AUM, New York Life Investments, a Pensions & Investments’ Top 30 Largest Money Manager, is comprised of the affiliated global asset management businesses of its parent company, New York Life Insurance Company, and offers clients access to specialised, independent investment teams through its family of affiliated boutiques.
CANDRIAM
Candriam stands for "Conviction AND Responsibility In Asset Management" and is a global multi-specialist asset manager. Focused on sustainable investments since 1996 and acquired by NYL Investments in 2013, Candriam manages around €150bn AUM with a team of more than 600 professionals and a presence in more than 20 countries throughout continental Europe, the United Kingdom, the United States, and the Middle East. Candriam offers investment solutions in several key areas: bonds, equities, alternative strategies, and asset allocation, with a broad and innovative range of ESG strategies covering all its asset classes.
ROLE
SHP acted as financial adviser to Andera.