Nicholas Schorsch and the businesses he leads are at it again.
Early Tuesday, RCS Capital (RCAP) said it is working to buy Validus Strategic Capital Partners, which owns SC Distributors, an alternative-investment group, and Strategic Capital Advisory Services, a provider of advisory and operational services to non-exchange traded alternative investment products.
The deal is expected to close in the third quarter.
“The acquisition of Validus Strategic Capital Partners allows us to further diversify RCAP’s wholesale distribution platform with more institutional-quality investment products which are not sponsored by AR Capital,” said Schorsch, executive chairman of RCAP, in a press release.
“We look forward to working with SC’s experienced management team and investment professionals while leveraging their proven distribution model and innovative technology platform,” the executive added. “This acquisition is part of our overall vision to provide our growing retail investor base with multiple investment solutions through our family of leading investment vehicles.”
The entities being acquired currently sell products like the Carter Validus Mission Critical REIT, RREEF Property Trust, Sierra Income Corporation TriLinc Global Impact Fund and Greenbacker Renewable Energy Co. Year-to-date sales are $775 million, according to RCAP.
Schorsch is also executive chairman, as well as CEO, of American Realty Capital Properties (ARCP). Last week, ARCP agreed to a $1.5 billion sale-leaseback deal for more than 500 Red Lobster restaurant properties.