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Stable Announces Strategic Partnership and Agreement to Sell Portfolio of Revenue-Share Interests to Navigator Global Investments for $195 Million
NEW YORK--(BUSINESS WIRE)--Stable Asset Management (“Stable”), one of the largest and most-tenured GP stake builders focused on GP seed and acceleration investing, today announced that it has entered into a definitive agreement to sell a portfolio of minority, net revenue-share interests in alternative asset managers (the “Target Portfolio”) to Navigator Global Investments (ASX: NGI), a diversified alternative asset management company, for $195 million. Stable and NGI also announced a long-term
