Pacific Asset Management has announced a significant development in its corporate structure, with global multi-affiliate firm Pinnacle Investment Management set to become its sole external shareholder. This move deepens an existing partnership that has been instrumental in Pacific's recent expansion and success. The transaction underscores Pinnacle's strong confidence in Pacific's strategic direction and robust growth potential in the global market.
Strengthening a Strategic Alliance
The relationship between the two firms began in 2024, with Pinnacle initially taking a shareholder position in Pacific. This partnership has since flourished through highly successful collaborations with Pinnacle affiliates, including Coolabah Capital Investments. More recently, in January 2026, the firms worked with Maple-Brown Abbott to launch a global listed infrastructure UCITS fund.
Pacific's impressive growth trajectory has been a key factor in this strengthened alliance, with assets under management soaring from £2.6 billion in March 2022 to £14.0 billion by December 2025. This substantial increase is a testament to the strength of Pacific’s investment solutions and its effective operating model. The firm's strategy focuses on high-conviction fund management and innovative multi-asset solutions for its clients.
Continuity and Operational Independence
Despite the change in ownership structure, Pacific has assured stakeholders of complete operational continuity. The firm’s leadership will remain unchanged, with Matthew Lamb continuing in his role as Chief Executive Officer. Furthermore, the existing management team and all employees will be retained, ensuring stability across the organization.
A crucial element of the agreement is the preservation of Pacific’s investment autonomy, a cornerstone of its success. The firm's investment teams will maintain their independent integrity and established processes without alteration. This commitment ensures that their strategies remain aligned with client success and the firm's craft-based investment philosophy.
A Shared Vision for Future Growth
Matthew Lamb, CEO of Pacific Asset Management, expressed great enthusiasm for the development, highlighting a deep respect for Pinnacle's achievements and operational model. He noted that the closer collaboration over the past year has revealed a strong alignment between the two firms. This shared perspective has paved the way for a more integrated and mutually beneficial long-term partnership.
Echoing this sentiment, Pinnacle CEO Ian Macoun conveyed his admiration for the business and culture that Lamb and his team have cultivated at Pacific. He emphasized that Pacific will continue to drive its own strategy, now bolstered by Pinnacle's support. Macoun affirmed that both firms possess fantastic momentum and powerful brands that will be harnessed for future growth.
Lamb further characterized the deal as a powerful endorsement from a highly respected global institutional investor in Pacific’s long-term vision. He stressed the unusual commonality in business philosophy and culture, suggesting the firms "see the world in very similar ways." This milestone is seen as a critical step in enhancing Pacific's ability to attract and retain top-tier talent.
Ultimately, the consolidation of Pinnacle's ownership in Pacific Asset Management represents a strategic evolution rather than a fundamental change. The agreement is structured to accelerate Pacific's growth while carefully preserving the independence, culture, and client-centric focus that have defined its success. This enhanced partnership signals a new chapter of ambitious, collaborative growth for both firms in the competitive global investment landscape.