Morgan Creek Capital Management has signed an agreement to acquire the alternative funds business of Signet Capital Management, an institutional fixed income investment firm.
Founded by Robert Marquardt in 1993, Signet manages about $700 million in its alternative funds business.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Pursuant to the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek’s platform, where they will apply their global fixed income experience for the benefit of Morgan Creek clients.
The current senior management team at Signet, including the firm’s founder and co-head of investment management, Marquardt, and CEO and co-head of investment management, Serge Umansky, will join Morgan Creek and continue their current roles serving clients of Signet’s funds as well as complementing Morgan Creek’s fixed income capabilities.
Signet’s offices in London, and Lausanne, Switzerland, will become part of Morgan Creek’s global network.
Mark Yusko, chief investment officer of Morgan Creek, said: "We are excited to have Bob, Serge and the entire Signet team joining Morgan Creek, a union that will benefit both our present and future clients.
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 GlobalData"This agreement represents a major achievement in our overall strategy to expand our global footprint and bring on talented investment professionals to help address the increasingly complex global investment environment."
Subject to the required regulatory approvals and other closing conditions, the acquisition is expected to close in the second quarter.
