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Rating:A PE-Backed Multiboutique Closes Its 2nd 2020s Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 14, 2021

A PE-Backed Multiboutique Closes Its 2nd 2020s Deal

Reported by Neil Anderson, Managing Editor

A 401(k) managed accounts shop based in the Southeast has sold its mutual fund business to a private equity-backed, Midwestern, three-year-old, multiboutique asset manager, as planned.

Mark David Goodwin
North Square Investments
Co-Founder, CEO
Today Mark Goodwin, co-founder and CEO of North Square Investments, and Phil Callahan, head of distribution, confirm that Chicago-based North Square has closed on its adoption of Watkinsville, Georgia-based Stadion Money Management's [[profile] three mutual funds. The deal, which also includes a liftout of the Stadion team powering those the three adopted funds, was initially unveiled in October 2020 and was initially expected to close in Q1 2021.

Stadion's three funds have been rebranded as the the North Square Tactical Defensive Fund, the North Square Tactical Growth Fund, and the North Square Trilogy Alternative Return Fund. The deal pushes North Square's mutual fund AUM above $1 billion and pushes the firm's overall AUM above $10 billion, while increasing its mutual fund count to 12. 

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