The Carlyle Group acquired a majority stake in Calastone, the London-based funds network platform, from existing investors Octopus Group and Accel.

The transaction marks a significant bet on the growing digitalisation of fund processing infrastructure. Calastone’s management team will retain a minority interest.

While financial terms of the deal were not disclosed, proceeds from the investment will be used to accelerate Calastone’s international expansion and support the development of new products. The company currently serves more than 2,300 clients across 43 countries, processing approximately £200bn in investment value each month.

CEO Julien Hammerson praised the firm’s decade-long progress and its proprietary Distributed Market Infrastructure (DMI) platform, which leverages blockchain technology to fully automate fund transactions.

“Calastone has created a market-leading technology platform and there is huge potential for further growth,” Hammerson said.

Fernando Chueca, managing director at The Carlyle Group, added: “Calastone is a global leader in funds technology. We are excited to back Julien and the management team as they scale the business into its next chapter.”

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