FLAG Capital Management agrees to buy Squadron Capital of Hong Kong
E-mail
|
Print
|
Comments ()
10/22/2012 3:19 PM
FLAG Capital Management, a fund-of-funds that invests in private equity, venture capital, real estate and other assets, has agreed to acquire a Hong Kong investment firm called Squadron Capital.
The deal will increase FLAG’s size by a third, adding $1.5 billion in assets and bringing its total to $6 billion. FLAG is based in Stamford, Conn., and has an office in Boston. The group invests in private equity and other funds on behalf of wealthy families, endowments and foundations.
Terms of the deal were not disclosed.
Chris Reidy can be reached at reidy@globe.com.
MOST E-MAILED »
- 8 Ways to Give Your Child a Safer Diet
- Medway doctor allegedly wrote bogus prescriptions, shared the drugs with woman
- Public invited on comment to eliminate cash tolling on Tobin Bridge; officials say electronic tolling will reduce congestion, save funds
- Google unveils maps, photo, music features
- Batmobile rolls into town
- Texting makes people weird
- Boy Scouts approve plan to accept openly gay boys