Aksia expects a deal to acquire real estate specialist firm Alignium LLC will close this quarter, as the New York-based consulting firm seeks to add real estate to its alternative research and advisory platform.
Following the transaction, Aksia’s real estate activities will be centered in Chicago, which will complement Aksia’s existing offices in New York, San Diego, London, Tokyo, Boston, Athens and Hong Kong.
Earlier this year, Aksia acquired TorreyCove Capital Partners that specializes in consulting institutional clients on private equity and real asset strategies. Aksia advises on over $160 billion in alternative assets with more than 275 professionals globally, including over 130 professionals focused on investment research, operational due diligence and risk management.
Headed by Dan Krivinskas, Mark Bartmann and Scott Krouse, Alignium offers real estate investment advisory services to institutional investors around the globe who have committed $14 billion to the asset class. The senior team has advised on a wide range of strategies, structures and property types.
Real estate is the fifth alternative investment arena to be added to Aksia’s business. The firm now covers private equity, hedge funds, private credit, real assets in addition to real estate.