Aristotle Capital Management, LLC (“Aristotle”) today announced it has completed the acquisition of Pacific Asset Management LLC, a third-party credit money management firm of Pacific Life Insurance Company. The deal, worth several billion dollars, will see Pacific Asset Management merge with Aristotle’s existing credit business to create one of the largest credit investment firms in the country.
The acquisition will strengthen Aristotle’s position in the credit investment space, allowing the firm to offer a wider range of investment strategies to its clients. Pacific Asset Management brings with it a team of experienced credit investors, as well as a portfolio of assets worth over $20 billion.
In addition to the acquisition of Pacific Asset Management, other recent deals in the investment world include Beacon Pointe Advisors’ acquisition of a $1 billion advisory firm based in New York, and Cetera’s minority stake in an undisclosed investment firm.
Aristotle Capital Management, LLC also recently released its “Aristotle Core Equity Fund” second quarter 2022 investor report, detailing the fund’s performance and holdings. The report shows that the fund has outperformed its benchmark index over the past quarter, with a return of 5.3%.
The acquisition of Pacific Asset Management was advised by law firm Ropes & Gray, who provided counsel to Aristotle on investment company matters. The deal is expected to be completed by the end of the year, pending regulatory approval.
In a recent episode of the “Big Facts” podcast, investment expert Aristotle Varner Jr. discussed his investment strategy and shared insights into the world of finance. Varner has made a name for himself as an investor, and has helped many others achieve success through his teachings.
The sale of Pacific Asset Management by Pacific Life Insurance Company marks a significant shift in the company’s focus, as it seeks to divest non-core assets and focus on its core insurance business. Pacific Life is the third-largest private company in Orange County, California, and the sale of Pacific Asset Management is expected to have a significant impact on the local economy.
Aristotle Capital Management, LLC is an investment management company headquartered in Los Angeles, California. The firm offers a range of investment solutions to institutional and individual clients, including equity, fixed income, and alternative investments.
