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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.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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