Innocap to Acquire BNY Mellon’s HedgeMark Business

Cleary Gottlieb is representing Innocap Investment Management Inc. (Innocap), in its announced acquisition of BNY Mellon’s HedgeMark business to create a single technology-enabled alternative investment platform and become the industry leader globally.

BNY Mellon will maintain an equity stake in Innocap’s combined $50 billion global alternative investment platform, which focuses on providing managed account services to institutional allocators seeking customized investment solutions, meaningful control, increased transparency, and operational alpha over their investment portfolios.

The transaction combines Innocap’s agile global alternative investment business with BNY Mellon’s scalable HedgeMark, the industry’s largest hedge fund managed account platform and leading risk services business.

For more information, please see the press release here.