ZILO, the UK-based fintech delivering global asset and wealth management software, has launched a fully integrated digital transfer agency platform, unifying traditional mutual fund administration with digital asset capabilities, including digitally native issuance, across a single platform. ZILO has also struck a deal with Ripple, which will join as an investor. The partnership brings together…
Category: Fundraising
BNY invests in LemonEdge
LemonEdge, a fund accounting platform for private markets, has completed a USD21m Series A investment round to accelerate product development and continued expansion in the U.S. and Europe. Blackstone Innovations Investments, Blackstone’s early-stage investment arm, led the funding round. They are joined by BNY, with participation from long-time investor Sidekick Partners.
CAIS raises USD170m
CAIS, a U.S.-based alternative investment platform for independent financial advisors, has raised USD170m through a Series D financing with lead participant Vista Equity Partners, and additional investment from AllianceBernstein, funds managed by Blue Owl Capital, Carlyle, Fortress Investment Group, Golub Capital, Lord Abbett, and RBC. The investment round values CAIS at >USD2bn.
Broadridge & Digital Asset invest in HQLAx
Broadridge and Digital Asset have made minority investments in HQLAX, a provider of digital collateral mobility solutions, through its Series C‑1 funding round. The investment will support HQLAX’s next phase of growth, including the continued evolution of its technology platform, collaboration with Broadridge’s Distributed Ledger Repo platform, and a planned migration to the Canton Network.
Euroclear invests in Proxymity
Euroclear has taken a minority stake in Proxymity, the digital investor communications platform.
Permira invests in Carne
Carne Group, Europe’s largest independent third-party ManCo and a provider of fund regulation and governance solutions, has agreed with funds advised by Permira, the investment firm, for the acquisition of a significant minority stake in Carne Group based on an enterprise valuation of EUR1.4bn (USD1.7bn). As part of the transaction, Vitruvian Partners will exit its…
Coremont receives capital injection
Coremont, a provider of multi-asset class portfolio management software and analytics, has received a USD40m investment from funds managed by Blue Owl Capital, a U.S.-based asset manager with USD295bn AuM. Coremont was spun off in 2018 from Brevan Howard, the alternatives asset manager.
BlackRock invests in AccessFintech
BlackRock and AccessFintech, a data and workflow collaboration network for financial markets, have formed a partnership. Through Aladdin, the firms aim to deliver bilateral connectivity and real-time post-trade collaboration between the global buy-side Aladdin platform community, and the >250 capital markets and asset servicing institutions already connected to AccessFintech’s Synergy Network. BlackRock has made a…
HGGC invests in Centralis
HGGC, an investment firm with >USD8bn AuM, is the new majority investor in Centralis Group, a Luxembourg-based alternative asset and corporate services provider. Backed by HGGC’s investment, Centralis plans to accelerate its expansion into new geographies, with the U.S. a key strategic priority,
ZILO raises USD27m
ZILO, the UK-based fintech specialising in asset and wealth management software, has raised USD27m in a Series A2 funding round. Portage led the round, joined by State Street, both existing shareholders, and management.