Paris-headquartered LFPI has bought local boutique Meeschaert Group for an undisclosed sum.
The deal closed on 1 April, following regulatory approval from the relevant French authorities.
It takes headcount at the multi-strategy alternative asset manager to nearly 300 employees and will see the combined firms manage more than €12bn on behalf of clients.
LFPI has a presence in six European countries and the US.
According to a press release, written in French, the acquisition of Meeschaert Group is part of LFPI’s plan to “develop across all classes of listed and unlisted assets, thus offering a wide range of opportunities and innovations”.
