PSP Investments Makes Strategic Investment in SitusAMC

PSP Investments and Stone Point Capital Invest in Alliant Insurance Services

January 22, 2019

Insurance

The Public Sector Pension Investment Board (PSP Investments) has made an investment in Alliant Insurance Services, joined by an additional investment from funds managed by Stone Point Capital. Stone Point will remain Alliant's largest institutional shareholder while Alliant's management and producers retain majority ownership; the capital supports Alliant's continued growth and expansion.

Investcorp and PSP Investments Recapitalize CrossCountry Consulting

December 6, 2022

Consulting

Investcorp, together with Public Sector Pension Investment Board (PSP Investments), acquired a majority stake in CrossCountry Consulting in a recapitalization transaction; RLH Equity Partners reinvested and CrossCountry founders remain significant shareholders. The capital injection is intended to accelerate CrossCountry's geographic expansion, broaden service offerings (including technology-enabled advisory and cybersecurity), and support add-on acquisitions.

Blackstone Acquires PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate completed the acquisition of all outstanding shares of PS Business Parks, Inc. for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion. The deal brings PSB's portfolio—93 properties serving ~4,800 tenants across ~27 million square feet (plus ~800 residential units)—into Blackstone's real estate platform (operated via Link Logistics), expanding its industrial/industrial-flex and suburban office footprint.

Preservation Capital Partners Invests in Saltus

July 31, 2022

Wealth Management

Preservation Capital Partners (PCP) signed a definitive agreement to become the major shareholder of Saltus, a founder-led UK wealth management and financial planning firm. PCP will back Saltus' management to accelerate organic growth and M&A-driven expansion as Saltus targets further scale after reaching roughly £4bn AuM and serving about 7,000 clients.

SitusAMC Acquires Assimilate Solutions

January 25, 2021

Financial Services

SitusAMC Holdings Corp. has acquired Assimilate Solutions, a provider of mortgage and title knowledge process outsourcing and IT outsourcing solutions. The deal expands SitusAMC's residential mortgage origination offering and its footprint in India; Assimilate's management team will be retained.

SitusAMC Acquires Alan King and Company (SBO 2000)

January 21, 2020

Software

SitusAMC Holdings Corp. acquired Alan King and Company, Inc., bringing AKC's master servicing and loan accounting system SBO 2000 into SitusAMC's technology portfolio. The acquisition expands SitusAMC's capabilities in loan accounting, cashiering and investor reporting to better serve banks, servicers and other participants in the real estate finance ecosystem.