Candriam to acquire majority shareholding in Tristan Capital Partners: a leading european real estate manager

Naïm Abou-Jaoudé, CEO of Candriam and Chairman of New York Life Investment Management International.

Candriam, a New York Life Investments Company, today announced that it has reached an agreement to purchase an additional 31% interest in pan-European real estate investment manager Tristan Capital Partners, taking its total investment to 80% by mid-2023. The remaining 20% of Tristan will continue to be held by its senior team, ensuring the long-term alignment of interests and continued incentivisation of its growing team. 

Tristan, which manages over EUR 15 billion of assets for institutional and private investors, will maintain investment management autonomy as it has done for the past five years, while benefiting from the operating and financial resources, distribution network and scale of both Candriam and New York Life Investments. There will be no changes to the firm’s investment process or investment strategies.  

There will be no changes to Tristan’s management leadership

Ric Lewis will continue as Executive Chair of Tristan, Chair of the Investment Committee, and Chair of the Holding Company. Ian Laming will continue as CEO; and Cameron Spry and Ric Lewis will continue as Co-CIOs. 

The transaction is in alignment with Candriam’s growth strategy to further expand its private assets offering through this partnership given strong institutional investor demand and long-term growth trends. Candriam’s multi-specialist capabilities include investment solutions in sustainable investments, fixed income, equities, asset allocation, absolute return strategies, private credit, and real estate.