Virtus Investment Partners, Inc. has just announced the completion of its majority investment in Keystone National Group, a private credit investment firm specializing in asset-backed credit across various industries and asset types. The transaction, effective March 1, 2026, expands Virtus' investment capabilities into private markets with the addition of Keystone's differentiated asset-backed lending strategies.
Keystone, which managed $2.5 billion as of December 31, 2025, has invested over $6.0 billion of capital across more than 750 transactions. This demonstrates a significant track record in the industry, delivering private market solutions anchored by disciplined underwriting and a focus on capital preservation.
As part of the Virtus family of boutique investment managers, Keystone's management team will retain autonomy over its investment processes, brand, and culture, as well as maintain a significant equity stake in the business, ensuring continuity for clients and partners. Additionally, Keystone will benefit from Virtus’ distribution capabilities and long-standing support model for its investment managers.
This acquisition aligns well with Virtus' multi-boutique model and the growing demand for alternative sources of income and diversification from clients. The addition of Keystone's highly specialized private markets capability complements Virtus' existing investment offerings.
The completion of this transaction marks a significant strategic move for Virtus Investment Partners, positioning the company to meet a wide array of investor needs across multiple disciplines and product types.
For more information about Virtus Investment Partners and Keystone National Group, please visit virtus.com and keystonenational.com, respectively. Today the company's shares have moved -0.57% to a price of $169.30. For more information, read the company's full 8-K submission here.
