Goldman Sachs takes stake in Canada's Slate Asset Management
Goldman Sachs asset management (GSAM) has taken a passive, non-voting minority equity stake in Toronto-based alternative investment firm Slate Asset Management.
The Toronto-based firm with a focus on real estate and real assets says it will use the U.S. banking giant's investment to enhance its platform, as well as increase certain investments.
Slate says the day-to-day operations and management of the company will remain unchanged.
The firm has more than $6bn in assets under management, and has completed more than $11bn of transactions across Canada, the U.S. and Europe.
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