Debt advisory and asset management group AgFe has acquired Autumn Capital Partners, a specialist advisor on short-dated fixed income assets.
As part of the deal, AgFe has also acquired Autumn’s proprietary technology platform, PACE (Portal for Analysis of Cash Equivalents).
AgFe said the acquisition was “consistent with [our] strategy to build a leading specialist in complex debt-based investments”.
“Autumn’s expertise in short-dated assets complements AgFe’s existing expertise in trade and supply chain finance; commercial real estate; corporate; transportation; social housing; infrastructure and consumer debt,” the firm said in a statement announcing the deal.
AgFe will rebrand Autumn as AgFe Cash Solutions and will have the business fully operational from the first quarter of next year. “The focus of the business will be on the delivery of bespoke money market managed accounts to clients holding large cash balances. Client control, principal protection, full transparency, thoughtful asset allocation and liability-driven investing are key tenets of the product. AgFe Cash Solutions will also provide advisory services to clients in the areas of cash equivalents, collateral management and funding”, the firm said.
Chief executive Paul Rolles added: “We are delighted to expand in this area, which we view as highly complementary to the diverse business we have built to date in managing and advising on complex financial assets. The resurrection of cash as an asset class has led to significant demand for expertise in the areas of cash and collateral management and we believe the team and the technology that we have acquired are well placed to meet that demand.”