Sun Life Doubles Down on Asset Management With Three Deals

Sun Life Financial Inc. paid more than C$2 billion ($1.4 billion) to complete its stakes in two investment managers as the Canadian life insurer makes a bigger push into the asset management space.

Sun Life said on Monday it bought the 49% it didn’t own of alternative credit investment firm Crescent Capital Group for C$829 million, and paid C$1.6 billion for the remaining 44% interest in BGO, a real estate investment adviser.