GFH acquires real estate asset manager

Bahrain-based asset manager GFH Financial Group has acquired a majority stake in Big Sky Asset Management, a US-based real estate investment firm. The move further strengthens GFH’s presence in the US real estate market following its acquisition in May 2022 of SQ Asset Management, a real estate asset manager focused on student housing in the US. Big Sky AM’s focus is on the US healthcare market, and has more than US$2 billion in cumulative transaction value. Under the terms of the deal, GFH will own Big Sky alongside its founders, one of which, Jason Signor, will continue to serve as chief executive. No financial details of the transaction were disclosed. GFH is not the first Mena-based asset manager to invest in the healthcare market. Two of the region’s largest sovereign wealth funds, Mubadala and Mumtalakat, are set to collaborate on a healthcare venture in Bahrain. In October, GFH acquired a second portfolio of US medical clinics. ©2023 funds global mena

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