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LJ Partnership, a London-based wealth manager armed with money from the Gulf, is targeting global expansion, as rich families and sovereign funds increasingly team up to invest outside of the public markets. Dilmun, a family office in New York that originated in the Gulf region, this week acquired a 40 percent stake in LJ Partnership, which advises on $15 billion from about 250 clients, including individuals, families and foundations. LJ Partnership already has close ties to the Peterson Group, which acquired 20 percent of the firm in 2016 .The firm, which is rebranding to Alvarium Investments next year, will seek to attract large institutions and sovereign wealth funds that can increase its firepower in making investments, particularly in real assets.
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