ING Investment Management Americas, the U.S. asset management arm of ING Group NV, bought a minority stake in Lincoln Vale, an alternative asset investment firm based in London and Boston.
ING said Monday that it plans to make "substantial" capital commitments to Lincoln Vale fund launches and will be a primary distributor of its funds internationally.
Lincoln Vale's products includes specialty hedge funds, private-equity funds, and structured products. The firm was established in 2005 by Phil Cooper, a former partner at Goldman Sachs Group Inc. and the founding partner and head of its private-equity group; and Katherine Priestley, a European alternative asset manager.
ING Investment Management has $550 billion of assets under management in 30 countries.
