Photo of Ric Lewis Lewis says that Candriam and New York Life are “strong partners for Tristan, our clients and our future growth.”

LONDON—New York Life Investment Management has taken a 40% equity stake in real estate asset manager Tristan Capital Partners via affiliate Candriam Investors Group, which has also formed a strategic partnership with Tristan. Deal terms were not disclosed; Tristan has about EUR 9.1 billion (US$11.1 billion) of assets under management.