ESG: Trillium CIO: We’re Selling to Australia’s Perpetual

The massive wave of ESG investment interest has spilled into dealmaking.

Trillium Asset Management CIO John Quealy says that his firm is selling itself to Perpetual.

Trillium is a Boston-based ESG equity and fixed-income manager that launched in 1982. Perpetual has been around since 1886 and is one of the oldest financial firms in Australia.

“With ESG investing rapidly gaining momentum among individual and institutional investors alike, this partnership will enable us to continue to be at the forefront and to push the envelope on impact,” said Matthew Patsky, CEO of Trillium. “This transaction will provide us with additional resources that we can use to better meet the evolving expectations of our clients, shareholders, employees and the broader community.”

Trillium Goes to Australian Acquirer

Under terms of the deal, Perpetual will purchase Trillium for $36 million and an earnout, according to Pensions & Investments. The deal would close by June.

Perpetual aims to market Trillium’s ESG-focused products to a broader investor base in Australia. It also intends to expand into new markets across the Asia Pacific, Middle East, and Europe.

Trillium Asset Management, based in Boston with $3.8 billion in assets under management. will maintain its name, autonomy, and structure, Mr. Quealy said.

Related: ESG: ESG Investing at Inflection Point in 2020, says Nasdaq Head

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

January 29, 2020

Venture Capital: The Kobe in “Bryant Stibel & Co”

Venture Capital: The Kobe in “Bryant Stibel & Co”

Latest Alternative Investment News
ESG: Graham Clapp Says ESG-Focus is Creating a New Bubble
February 27, 2020     ESG and Sustainability, News

RWC Partners fund manager Graham Clapp warned that sustainable investing trends are poised to form a possible bubble in the markets. He compared it to the tech boom of the 1990s….
Hedge Fund: Whitney Tilson Pumps Berkshire Hathaway as Top Retirement Stock
February 27, 2020     Hedge Funds, News

Former hedge fund manager Whitney Tilson has called Berkshire Hathaway (NYSE: BRK.A) the to retirement stock. Tilson, who now writes for Empire Financial Research, issued a note this week praising…
Liquid Alternatives: Invesco Launches New Sterling Corporate Bond ETF With ESG

Invesco, the fund manager with $1.23 trillion in assets under management as of December 31, 2019, has launched in Europe a new, first-of-its-kind, sterling-denominated, corporate bond ETF with an ESG…
Digital Assets: The SIX Swiss Exchange Buys A Stake in Crypto Trading Platform Omniex
February 27, 2020     Digital Assets, News

SIX Swiss Exchange announced it had struck a partnership agreement last week with San Francisco-based Omniex. The financial terms of the agreement, which also includes the acquisition of a stake…

Scroll to Top