Phoenix Investment Partners has signed an agreement to acquire a majority stake in Capital West Asset Management, LLC, the company announced today. Capital West will become Phoenix’s tenth investment management affiliate.

As with all of Phoenix’s affiliates, Capital West will operate independently from Phoenix as far as managing assets, but will receive distribution, marketing, technology and operational support from the firm, according to Phoenix.

Capital West, a quantitative manager based in Greenwood Village, Colo., caters to high-net-worth and institutional clients. The firm’s quantitative value style will be a good addition to Phoenix’s retail managed account business, an area Phoenix is trying to build, said Philip McLoughlin, Phoenix’s CEO. Phoenix will also try to expand Capital West’s institutional management business, McLoughlin said.

"Phoenix’s extensive distribution capabilities will enable us to expand our reach beyond the Rocky Mountain region and attract new clients," said G. Todd Gervasini, COO of Capital West, in a statement.

While Phoenix will acquire a majority ownership stake in the company, Capital West’s principals will keep a ‘significant’ equity stake, which was ‘critically important,’ Gervasini said. Further details of the transaction were not disclosed.

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