As part of the deal, the existing RAM managers will end up with equity states in Kazimir totaling between 35%-40%, reported Investment Week.
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Also, the move will see a number of funds merged, and the launch of a raft of new strategies using seed capital from Kazimir. Both firms will retain their own names for the time being.
Commenting on the deal, Frank Mosier, managing director and chief investment officer of Kazimir Partners, said: "The result of this alliance is a team of professionals with robust international experience and unparalleled local emerging market expertise.
"With the leadership, and financial and human resources provided by this transaction, we will have the critical mass to become a market leader in Africa and select emerging and frontier markets across the globe, as well as in Russia and emerging Europe."
Renaissance invests across Russia, emerging Europe, Africa and frontier markets. Its UCITs funds are distributed across Europe and the Middle East and have recently been registered in South Africa.
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