AXA Investment Managers will buy a US debt investment business and a $9.4bn (£7.2bn) portfolio of commercial mortgage loans from Quadrant Real Estate Advisors.
The transaction will bring AXA IM’s loan portfolio to $20.5bn, and its total debt platform, including infrastructure finance, to circa $28bn.
As part of the deal, AXA IM will hire 24 people from Quadrant, including five of its founding partners.
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