Navigator Global to realise US$43M from Invictus partnership

• New York Life Investment Management agreed to purchase a 60% stake in Invictus Capital Partners.
• Navigator Global Investments expects up to US$43 million in net upfront cash.
• The transaction allows the business to realise value while keeping earnings exposure through 2030.

Navigator Global Investments (ASX:NGI) announced an agreement to realise its interest in Invictus Capital Partners as New York Life Investment Management acquires a 60% ownership stake.

The firm initially acquired its equity stake in Invictus Capital Partners in 2022.

The business stated that it expects net upfront proceeds of US$40 million to US$43 million, a potential earn-out consideration of up to US$32 million in 2030, and profit distributions from FY27 through FY31.

The transaction represents a materially higher valuation for Invictus Capital Partners compared to the initial investment made by the company.

Following the announcement, the Navigator Global Investments share price was unchanged at $2.27.

The business is a diversified alternative asset manager operating partnerships across global investment markets.

The group maintains US$79 billion of firm-level assets under management.