Stable Asset Management has entered into a definitive agreement to sell a portfolio of minority net revenue-share interests in alternative asset managers to Navigator Global Investments (NGI) for $195 million, alongside forming a long-term strategic partnership. Under the agreement, Stable will continue to manage and monitor the portfolio-comprising stakes in 17 asset managers—within a new vehicle, NGI Stable Growth, ensuring continuity and ongoing value creation. The transaction reflects Stable’s evolution as a leading GP stake builder with over $5.2 billion in assets under management and a 20-year track record of supporting alternative managers globally.
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“This partnership marks an important and natural step in the continued growth of Stable’s platform we are even better positioned to support our GP founders,” said Erik Serrano Berntsen. NGI CEO Stephen Darke added that the deal expands NGI’s ecosystem and growth potential. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
