BNY Mellon Asset Management has acquired a 20% minority interest in Siguler Guff & Company and certain related entities, a multi-strategy private equity company with around $8 billion in assets under management and committed capital.

Siguler Guff’s focused investment offerings include fund of funds targeting distressed security investing, investing in emerging markets including Brazil, Russia, India and China and investing in small cap buyout opportunities.

Investments by Siguler Guff focus on three business lines: fund of funds, advisory activities and direct investment funds. Founded in 1991 within Paine Webber, Siguler Guff became an independent company in 1995

The two companies formed a strategic alliance in January 2009, when Siguler Guff engaged BNY Mellon to distribute the products and services globally. In May 2009, Siguler Guff Advisers, Siguler Guff’s registered investment advisor subsidiary, became the investment advisor of the private equity fund of funds previously advised by West LB Mellon Asset Management.

Terms of the transaction were not disclosed.

BNY Mellon Asset Management is the umbrella organisation for BNY Mellon’s affiliated investment management firms and global distribution companies.