HighVista Strategies to acquire the US private markets business from abrdn.

HighVista Strategies, an alternative asset manager, agreed to acquire the US private markets business from abrdn, an investment company. Financial terms were not disclosed. “The combination of abrdn’s US private equity and venture capital business with HighVista unites two teams that are culturally and philosophically aligned, especially around our investment approach and pursuit of alpha in inefficient markets. Our teams have known each other for years, and we expect this collaboration to lead to significant cross-pollination of investment ideas over time,” André Perold, HighVista Strategies CIO, Co-Founder and Partner.