Sun Life Financial Inc. is acquiring the remaining interests in global real estate investment management advisor BGO and global alternative credit investment manager Crescent Capital Group, in deals valued at $1.59 billion and $829 million, respectively.
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According to a press release, both firms combined will deliver $4.2 billion in fee-related revenue with assets under management increasing from $115 billion to $165 billion.
The two businesses are integral to Sun Life’s asset management strategy, said Kevin Strain, president and chief executive officer, in a press release. “The completion of our BGO and Crescent buy-ups reflect our confidence in their leadership, performance and long‑term growth.”
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