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Announced

LoCorr Funds acquired Steben & Company.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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investment fund

Friendly

United States

Pending

Acquisition

Single Bidder

Private

alternative asset management

Private Equity

Private Equity

Synopsis

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LoCorr Funds, a leading provider of low-correlating investment strategies, acquired Steben & Company, an alternative investment innovator that launched its business in 1989. Financial terms were not disclosed. “This is a very exciting time for our business. The acquisition of Steben & Company was a natural fit and will increase our ability to offer a growing suite of solutions to our partners, with the ultimate goal of diversifying portfolios.” Kevin Kinzie, Chief Executive Officer of LoCorr Funds.

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