Suntera Global has acquired US fund administration business Socium Fund Services in a key strategic move as the firm continues to grow and expand its international footprint into new global markets.
The acquisition of Socium, which requires no regulatory approval and completes with immediate effect, will strengthen Suntera Global’s offering for fund managers and provide the group with an important US operation for the first time, adding three key North American locations to its international footprint.
The deal is the seventh strategic acquisition made by Suntera Global since securing investment from leading mid-market investor Palatine in 2019.
Founded in 2016, Socium is a specialist provider of high-quality and boutique fund administration services to private equity, private credit, venture capital and real estate focused fund managers.
The Socium team will join the Suntera Global team immediately and will become “Socium, a Suntera Global Company”.
