Regal Partners, an ASX-listed, specialist alternatives investment manager, withdrew its offer to acquire Pacific Current, an Australia-based multi-boutique asset management company, for $388m. In July, Regal said the benefits of the transaction for Pacific Current, if it proceeds, include diversification into new asset classes with significant growth potential, exposure to a large asset manager with enhanced liquidity and improved access to capital markets, and expansion of new strategies and into new geographies.