New York Life Investments to acquire a 40% stake in Andera Partners.

New York Life Investments, a diversified, global asset management firm, agreed to acquire a 40% stake in Andera Partners, an investment firm. Financial terms were not disclosed. “This partnership reflects our commitment to broadening our alternative investment capabilities to serve the growing demand for private market assets among both institutional and individual investors. The experienced team at Andera has built an institutional-grade platform with a strong track record of investment performance that will complement and expand our current scale in private markets, and we are excited to welcome them to our family of global affiliates,” Naïm Abou-Jaoudé, New York Life Investment CEO.