RIT Capital acquires minority investment in Corsair
RIT Capital Partners, the investment trusted started by Lord Jacob Rothschild, has made a long-term investment in private equity firm Corsair in return for a minority investment.
RIT Capital Partners, the investment trusted started by Lord Jacob Rothschild, has made a long-term investment in private equity firm Corsair in return for a minority investment.
The company said the investment is part of its strategy of identifying and investing in high quality asset managers, enabling close collaboration on investment opportunities, and sharing of expertise.
RIT will issue a number of new shares in the company equal to $7.5m as partial payment for the acquisition.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Lord Rothschild, Chairman of RIT, commented: "We are pleased to make this investment in Corsair, a firm that has a clear investment philosophy and approach to investing globally in the financial services industry. We see considerable potential to work closely together on new investment opportunities in this sector that will benefit both businesses."
RIT's share price rose 0.16% to 1,255p by 09:12.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
HMRC confirms crypto ETN ISA status
With crypto ETNs now technically available for UK retail investors, HMRC has confirmed they can be held in an ISA – but there’s a complication
-
Pension investors targeted by fine wine scams – the tactics to watch for
Wine has emerged as the latest lure in investment fraud, with pensioners being specifically targeted by scammers