US-based alternative investment manager FS Investments is looking to expand its national footprint with the purchase of Chiron Investment Management for an undisclosed sum.
A multi-asset investment firm, Chiron uses a combination of quantitative analytics and fundamental research in its investment approach. It oversees nearly $1.8bn in assets and three funds, which will now be added to FS Investments’ portfolio.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Chiron was set up by CIO Ryan Caldwell and CEO Enrico Gaglioti in 2015. It is based in New York and Kansas City.
As part of the deal, Gaglioti will move to FS Investments and assume a senior leadership role.
Meanwhile, Caldwell will continue to run the Chiron funds, which will retain their existing investment approach.
“Going forward, best-in-class asset managers will need to provide solutions that combine differentiated traditional asset management and alternatives,” Caldwell noted.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe deal awaits shareholder and regulatory approvals, with completion anticipated in the first quarter of next year.
FS Investments president and CIO Mike Kelly said: “Chiron’s deep expertise in multi-asset investing, quantitative and fundamental investment analysis and dynamic portfolio construction complements our industry-leading alternatives business.
“We look forward to working together to further develop model portfolios and other creative investment solutions for our clients.”
FS Investments has operations in Philadelphia, which serves as its base, along with New York, Orlando, and Washington, DC. The business manages over $24bn in assets.
