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Insider UK

Business

Peter A Walker

Abrdn to acquire US healthcare funds worth £2.6 billion

Abrdn United States Stephen Bird Tekla

A subsidiary of abrdn has entered into an agreement to acquire the healthcare fund management capabilities of Boston-based Tekla Capital Management.

The deal includes four New York Stock Exchange-listed healthcare and biotech thematic closed-end funds, totalling £2.6bn in assets under management, with £26m revenues in 2022.

As part of the deal, Tekla’s investment team will also be joining abrdn.

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