Virtus Investment Partners, Inc. (NYSE: VRTS) announces acquiring a majority interest in Keystone National Group, specializing in asset-centric private credit.
Keystone brings differentiated asset-backed lending capabilities to enhance Virtus' private markets offerings.
The transaction, expected to close in Q1 2026, involves a $200 million consideration at closing and additional deferred consideration up to $170 million.
Expansion into Private Markets
Virtus expands into private markets with Keystone's specialized asset-backed lending strategies.
Strategic Partnership
Virtus acquires majority interest in Keystone for $200 million with additional earnout payments based on future revenue targets.
Autonomy and Retained Equity
Keystone's management team retains meaningful equity and autonomy over investment processes within Virtus.
- The partnership enhances Virtus' capabilities by adding Keystone's private credit expertise in asset-centric lending.
- Virtus gains access to Keystone's diversified asset-backed lending strategies and two private REITs specializing in real estate lending and equity.
The collaboration with Keystone National Group positions Virtus Investment Partners to capitalize on alternative sources of income and diversify private credit exposure.