"Fulcrum Asset Management Sells Minority Stake to Fidante, Expanding Reach in Asia-Pacific"

"Fulcrum Asset Management is selling a significant minority stake to Fidante, a global investment management firm, which will also gain exclusive distribution rights for Fulcrum's products in Australia, New Zealand, and Asia. This deal marks a successful exit for co-founder Andrew Stevens, who retired as CEO in December 2022, and aligns with Fidante's growth strategy by enhancing its alternatives offerings. The transaction is subject to regulatory approval."

**Law Firms Involved in the Transaction:** The law firms involved in the transaction are [Law Firm Name], which advised the outgoing founder member of Fulcrum Asset Management, and [Law Firm Name], which assisted Fidante, part of Challenger Limited. **Transaction Overview:** The transaction involves the sale of a substantial minority stake in Fulcrum Asset Management to Fidante, a global investment management firm. This deal not only provides a successful exit for co-founder Andrew Stevens, who retired as CEO in December 2022, but also supports Fidante's growth strategy by expanding its alternatives offering and granting exclusive distribution rights for Fulcrum’s products across Australia, New Zealand, and Asia. The transaction is subject to regulatory approval and other conditions. **Legal Team:** The legal team from [Law Firm Name] consisted of corporate partner Paul Cliff and corporate associate Parmjit Singh.

"Fulcrum Asset Management Sells Minority Stake to Fidante, Expanding Reach in Asia-Pacific"

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