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 include 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.

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