Colliers - CEO, Jay Hennick.
CEO, Jay Hennick.
Source: Colliers.
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  • Colliers (CIGI) will acquire a 75-per-cent stake in alternative investment manager Versus Capital
  • Versus focuses on private and public real assets with approximately $6B under management
  • Upon closing in Q4 2022, Colliers expects an annual run rate of management fee revenue between $75-$80M and adjusted EBITDA of $40-$45M
  • Colliers International Group is a leading diversified professional services and investment management company with $65B under management
  • Colliers (CIGI) closed up by 1.16 per cent trading at $141.03 per share

Colliers (CIGI) will acquire a 75-per-cent stake in alternative investment manager Versus Capital.

Versus focuses on private and public real assets with approximately $6B under management. Founded in 2010 and based in Denver, the firm offers actively managed perpetual-life funds with attractive returns since inception.

The investment will allow Versus to enhance its investment offerings through Colliers’ array of product solutions.

Versus’ co-founders and senior leadership will retain 25 per cent of the business and continue to operate it day to day.

Upon closing in Q4 2022, Colliers expects an annual run rate of management fee revenue between $75-$80M and adjusted EBITDA of $40-$45M.

“Our partnership with Versus is an important first step in accelerating Colliers’ global private wealth distribution capability, which is becoming increasingly important alongside our world-class institutional limited partner relationships,” stated Zach Michaud, Colliers’ Co-Chief Investment Officer.

“Colliers has a highly recognized global brand and platform, and they will be a perfect partner to us going forward,” said Mark Quam, Versus’ Co-Founder and CEO. “They are entrepreneurial and a permanent source of capital who shares our desire to accelerate our growth going forward. We were also attracted to Colliers’ decentralized operating model, significant insider ownership and proven track record of success.”

“On closing of Versus and Rockwood, our investment management operations will oversee in excess of $83B in assets under management, of which almost $70B will be either perpetual or long-dated strategies, further strengthening our recurring revenues for the future,” added Jay S. Hennick, Colliers’ Chairman and CEO.

Colliers International Group is a leading diversified professional services and investment management company with $65B under management.

Colliers (CIGI) closed up by 1.16 per cent trading at $141.03 per share.

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