Virtus Investment Partners acquires Stone Harbor Investment Partners

Virtus Investment Partners acquired Stone Harbor Investment Partners for $30.1 million total consideration ($28.9 million cash plus $1.2 million contingent earn-out), a transaction completed in January 2022, structured as cash.

Stone Harbor Investment Partners operates in Emerging-markets debt, is based in New York, NY. Virtus acquired Stone Harbor Investment Partners, a New York manager of emerging-markets debt, multi-asset credit, global corporate and related strategies with roughly $14.7 billion in assets at year-end 2021. Stone Harbor added a 30-year emerging-markets-debt track record, a largely non-U.S. institutional client base, and a proprietary end-to-end investment and risk-management technology platform. Total consideration was $30.1 million, consisting of $28.9 million in cash and $1.2 million of contingent earn-out payments tied to revenue retention and growth.

Enhanced and diversified Virtus's fixed-income capabilities with a respected EM-debt franchise while expanding non-U.S. institutional distribution.

Institutional-quality EM-debt capability, non-U.S. client base, and a reusable risk/analytics platform. Global distribution resources to support other affiliates; complementary fixed-income capability. Operated as affiliated manager Stone Harbor Investment Partners

We are pleased to add Stone Harbor as an affiliated manager. Their culture and approach is strongly aligned with our core beliefs of providing high-quality, attractive investment strategies and exceptional service to clients.George R. Aylward, President and CEO, Virtus Investment Partners

Advisory firms were not disclosed for this transaction.

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