Focus Financial Partners says that its has helped partner firm Kovitz Investment Group Partners merge with Origin Holding Co., a private real estate fund manager.
Kovitz works with some $7.8 billion in assets, while Origin has some $1.8 billion. Both firms are based in Chicago. The deal is being made for an undisclosed amount and should close in the first quarter of 2023.
Focus is "thrilled that Origin will be joining forces with Kovitz in this important strategic transaction," according to Rudy Adolf, the founder, CEO and chairman of Focus. "Origin will add to Kovitz's already robust private real estate solutions at a time when alternative investments are becoming increasingly important in meeting the needs of sophisticated investors."
