- Forge Global (FRGE, Financial) completes acquisition of Accuidity Capital Management, enhancing its position in private market investing.
- Deal includes $10 million in cash and issuance of 1.15 million shares of Forge common stock, with potential future earn-out consideration.
- The acquisition is expected to broaden Forge's investment offerings and democratize access to private markets.
Forge Global Holdings, Inc. (FRGE), a leading player in private market infrastructure and investment solutions, has finalized its acquisition of Accuidity Capital Management. This strategic move is poised to expand Forge's capabilities in investment management and wealth enhancement, marking a significant milestone in the firm's pursuit to deliver extensive private market access.
Accuidity, known for its focus on private market investing, will integrate its co-investment vehicles and early-stage venture funds into Forge's platform. This merger aims to enhance Forge's product offerings, targeting both institutional and individual investors seeking alternative assets for robust returns and diversification.
The acquisition was executed through a simultaneous sign and close transaction, involving a $10 million cash payment and the issuance of 1.15 million newly issued shares of Forge common stock. Additional shares may be allocated based on performance milestones achieved by the end of 2027.
CEO Kelly Rodriques highlighted the strategic alignment, emphasizing Forge's commitment to democratizing access to private markets through innovative financial products and scalable investment solutions. The integration of Accuidity's flagship Megacorn Fund into Forge's framework is anticipated to facilitate broader investor access by converting it into an interval fund, subject to regulatory approval.
Accuidity reported a revenue of approximately $5.7 million during the twelve months ending May 31, 2025. With its $220 million in assets under management now part of Forge's portfolio, the acquisition is expected to be accretive to Forge's earnings per share, further solidifying its investment management strategy.
