The purchase of the business increases Trident Trust’s assets under administration to $62 billion.
Trident Trust has acquired Tricor IAG Fund Administration Group (TIAG), a specialist provider of fund administration services to Asian private equity and venture capital funds.
Formed in 2013 as a joint venture between Tricor and IAG Group, TIAG operates in Singapore and Hong Kong, and provides fund administration solutions to a broad range of private equity managers in Asia with total assets under management of $12 billion.
All TIAG staff will be joining Trident Trust’s existing global team of over 200 fund administration professionals.
“Growing our global fund services capabilities, particularly for private capital funds, is one of our core strategic priorities,” Markus Grossmann, regional managing director for Asia, Middle East and Africa at Trident Trust, said. “We have been continuously investing in our technology and our team to expand the resources available to our clients, and the arrival of the TIAG team significantly accelerates that growth in Asia.”
The acquisition of TIAG will increase Trident Trust’s global funds’ assets under administration to $62 billion, across 940 funds.
Source: Wealth Briefing
Can’t stop reading? Read more
Advance Capital Partners to acquire 60% stake in Mass in major Adriatic retail deal
Advance Capital Partners to acquire 60% stake in Mass in major Adriatic retail deal Advance...
Neuberger Berman closes $2.8bn co-investment fund, exceeding target as LP demand accelerates
Neuberger Berman closes $2.8bn co-investment fund, exceeding target as LP demand accelerates...
Ardian to acquire majority stake in high-voltage specialist MasterGrid from Andera Partners
Ardian to acquire majority stake in high-voltage specialist MasterGrid from Andera Partners Ardian...