Mergers & Acquisitions / Joint Ventures

Principal to buy majority stake in EM specialist Finisterre


Principal Global Investors, a leading US-based global asset manager with some $230 billion of assets under management and a member of the Iowa-headquartered Principal Financial Group, is acquiring a majority stake in Finisterre Capital, the fast-growing and well-performing London-based emerging markets debt specialist.

“Finisterre Capital is a top-class emerging markets fixed-income specialist with a strong investment performance track record,” said Jim McCaughan, chief executive officer of Principal Global Investors.

“We are excited about the opportunity to help the business develop further and expand our capabilities in this growing market segment. There is already an enormous appetite to invest