
Focus Financial-backed Kovitz Investment Group to Add Private Real Estate Fund Manager Origin Investments
Kovitz Investment Group Partners, a $7.8bn registered investment advisor (RIA) and affiliate of Chicago-based Focus Financial Partners, will partner with private real estate fund manager Origin Investments.
Terms of the deal, which is expected to close in the first quarter of 2023, were not disclosed.
Origin, which was established in 2007 by Co-CEOs David Scherer and Michael Episcope, primarily caters to the multifamily residential real estate market.
The deal is expected to increase Kovitz’s real estate fund offerings amid an increased interest in alternative assets by wealth managers and registered investment advisors.
Focus founder, CEO and chairman Rudy Adolf said, “Origin will add to Kovitz’s already robust private real estate solutions at a time when alternative investments are becoming increasingly important in meeting the needs of sophisticated investors.”
“Kovitz’s success as a leading wealth manager and private real estate investor made them the clear choice,” added Episcope.
Berkshire Global Advisors acted as the exclusive financial advisor to Origin for this transaction.
