Nelson Peltz’s Trian Fund Management and a group of investors led by General Catalyst Group Management have acquired Janus Henderson for $7.4bn (£5.5bn).
The investor group includes the Qatar Investment Authority and Sun Hung Kai & Co.
General Catalyst is a global investment and transformation company with a focus on using AI to enhance business operations.
Janus Henderson – which has $484bn in assets under management, including a sizeable securitised credit business – will continue to be led by its current management team, with Ali Dibadj as chief executive. It will maintain its main presence in London, England and Denver, Colorado.
Janus Henderson is also the majority owner of global private credit manager Victory Park Capital.
“With this partnership with Trian and General Catalyst, we are confident that we will be able to further invest in our product offering, client services, technology, and talent to accelerate our growth and deliver differentiated insights, disciplined investment strategies, and world-class service to our clients,” said Dibadj.
Read more: CNO Financial Group buys minority stake in Victory Park Capital
Investment firm Trian already owned 20.6 per cent of Janus Henderson ahead of the announcement.
“Our team at Trian has successfully invested in and grown many iconic public and private companies over the years,” said Peltz, chief executive and founding partner of Trian.
“As a significant shareholder of JHG with board representation since 2022, we are proud of the company’s performance in recent years led by Ali and his outstanding team.
Read more: Big deals boost US Q4 lending to near two-year high
“We see a growing opportunity to accelerate investment in people, technology, and clients. The partnership with General Catalyst allows us to bring our shared entrepreneurial spirit and complementary strengths across operational excellence and technological transformation to Janus Henderson.”
The deal, which is expected to close in mid-2026, will be funded in part by investment vehicles managed by Trian and General Catalyst, supported by financing commitments from global investors including Qatar Investment Authority, Sun Hung Kai & Co. and MassMutual.
