Aristotle has completed the acquisition of Pacific Asset Management from Pacific Life.
Pacific Asset Management has been rebranded to Aristotle Pacific Capital (Aristotle Pacific) and currently managed over $20bn in assets.
Aristotle Pacific will maintain its investment team and will continue to be led by Dominic Nolan, CEO, ensuring continuity of investment management expertise and connections with clients.
“The completion of this initiative is a significant step in Aristotle’s client-centric strategy, expanding our credit offerings and enabling us to offer a broader range of investment solutions to our clients,” Richard Hollander, chairman of Aristotle, said.
“Our teams have proven throughout this process that they are client-focused and culturally aligned. We look forward to providing new opportunities to continue to meet our clients’ needs.”
Pacific Life will have a minority stake in Aristotle and continue to expand its strategic partnership with Aristotle Pacific and Aristotle Funds.