Silvercrest Asset Management Group Inc. announced an initial seed investment of $1.3 billion USD ($2.0 billion AUD) from Australia’s Construction and Building Unions Superannuation Fund (CBUS) on December 11, 2024. This substantial investment formally launches Silvercrest’s Global Value Opportunity Equity Strategy.
The new strategy is led by Rehan Chaudhri and his team, who were previously hired by Silvercrest to develop this capability. This initiative is designed to complement the firm's existing international strategies and tap into global demand for such expertise.
Richard Hough, Chairman and CEO, expressed gratitude for CBUS's investment, highlighting that it underscores Silvercrest’s international reputation and robust infrastructure. The firm anticipates attracting follow-on investments, which will further enhance growth and support its global aspirations.
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