ARI Executive Committee Chairman Matthew Swaim said his management-led buyout group was thrilled to return the ARI business to its legacy partnership roots.
“We will continue to invest in premier investment talent, maintain our intense focus on client success and grow our niche investment strategies with like-minded clients,” he said in the news release.
Faegre Baker Daniels LLP served as legal advisor, while Ardea Partners was the exclusive financial advisor for both transactions.
Founded in 1895, Piper Jaffray has more than $6 billion in assets under management with offices across the U.S., U.K. locations in Aberdeen and London, and in Hong Kong.
Advisory Research Inc., founded in 1974, is a diversified investment manager offering a broad spectrum of traditional and alternative investments, as well as MLP and energy infrastructure strategies to leading institutions.