Azimut launches platform to invest in US-based GPs

Azimut intends to enter the US alternative market by acquiring stakes in small to medium-sized alternative asset managers with assets under management (AUM) of up to $3bn that specialise in private equity, private credit, infrastructure and real estate. 

Azimut has appointed Jeffry Brown as CEO of AACP. Brown was previously a managing director at Dyal Capital Partners, a global specialist in alternative asset managers' minority investments and part of Neuberger Berman. He has 20 years of investing, due diligence and operating management experience in the alternative asset management industry.

Oppenheimer & Co acted as adviser in the creation of AACP. 

This project follows shortly from the announcement of the launch of an Italian alternative asset platform, Azimut Libera Impresa, which intends to launch private equity, private debt and retail funds in the coming years.

Established in 1989, Azimut is an asset manager with AUM of around €58bn. The firm is headquartered in Italy, with a presence in Luxembourg, Ireland, China, Monaco, Switzerland, Taiwan, Brazil, Singapore, Egypt, Mexico, Australia, Chile, the US, the UAE and Turkey.

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