Silvercrest Asset Management Announces Initial Seed Investment With Australia's Construction and Building Unions Superannuation Fund

Core Insights - Silvercrest Asset Management Group Inc. has secured an initial seed investment of $1.3 billion USD ($2.0 billion AUD) from Australia's Construction and Building Unions Superannuation Fund (CBUS) to launch its Global Value Opportunity Equity Strategy [1][2] - The investment highlights Silvercrest's international reputation and robust infrastructure, with expectations of attracting further investments to support growth [2] - CBUS is one of Australia's largest super funds, managing over $94 billion for more than 920,000 members [3] Company Overview - Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser, with multiple offices across the United States [4] - As of September 30, 2024, Silvercrest reported assets under management totaling$35.1 billion [4] - The firm provides traditional and alternative investment advisory services, focusing on wealthy families and select institutional investors [4]