Stable Completes Sale of Portfolio of Revenue-Share Interests to Navigator Global Investments
Stable Asset Management (“Stable”), one of the largest and most-tenured GP stake builders focused on GP seed and acceleration investing, today announced the completion of its sale of a portfolio of minority, net revenue-share interests in alternative asset managers (the “Target Portfolio”) to Navigator Global Investments (ASX: NGI), a diversified alternative asset management company, for a total consideration of $190 million. The closing marks the establishment of a long-term strategic partnership between Stable and NGI, through which Stable will continue to manage and monitor the NGI Stable Growth portfolio on behalf of NGI.
Stable brings a 20-year track record of identifying, partnering with and establishing growing alternative asset managers across private equity, private credit and absolute return. The firm manages approximately $5.2 billion in assets under management and has supported the growth of 46 alternative asset managers globally through long-term, flexible capital and deep in-house expertise across capital formation, talent acquisition and operations. As the industry leader in GP stake building, Stable will continue to provide portfolio management, strategic guidance, and value creation support to the GPs within NGI Stable Growth.
