PE Tech Report

Finance & Insurance

TMF Group acquires Paraty Capital

TMF Group, a provider of global administrative services, has completed the acquisition of Paraty Capital, a Brazilian fund administration platform which focuses on private equity, infrastructure, venture capital and private debt funds.

Spouting Rock Asset Management acquires Majority Stake in Old Hill Partners

Spouting Rock Asset Management (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, is to merge with Old Hill Partners Inc (Old Hill), an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses. A newly formed subsidiary of Spouting Rock, Spouting Rock Alternative Credit,

PE-backed Patriot Growth Insurance makes six Florida acquisitions

GI Partners and Summit Partners-backed Patriot Growth Insurance Services (Patriot) has added several key partners to its Florida operations, including Kolisch Marine, Depace Insurance, MacLeish Insurance, Focus Insurance Agency, Herndon Carr & Company, and Crosslet Insurance Services. These six partnerships will work within Patriot’s Shapiro Insurance Group (SIG) platform, and

Hunter Point Capital makes strategic investment in Iron Park Capital

Hunter Point Capital (HPC), an investment firm focused on taking minority stakes in middle-market alternative asset managers, has made a strategic investment in Iron Park Capital (IPC), a global alternative investment manager with experience investing across public and private credit markets. All proceeds of the investment will go to IPC’s

Traxys makes USD9m Symbridge investment

Symbridge Holdings, a digital asset exchange built specifically for future-minded traders, has secured a USD9 million strategic investment from newcomer investor Traxys North America (Traxys), a physical commodity trader and merchant in the metals sector. One of the world’s biggest commodity traders, Traxys, is diversifying into new trading markets with

True Global Ventures invests USD4m in GCEX

True Global Ventures 4 Plus (TGV4 Plus) Fund has invested USD4 million in GCEX, an FCA regulated digital brokerage which enables brokers, funds and professional traders to access deep liquidity in digital assets and FX. Founded by serial entrepreneur, Lars Holst in 2018 on the back of a successful USD120

Corsair acquires majority stake in Aurora Payments

Corsair, a private equity firm targeting services, software, and payments investments in the financial services market, has acquired a majority stake in Aurora Payments (Aurora), a full-service payment solutions provider for small and medium sized businesses (SMBs) across a variety of industries. Founded in 2005, Aurora offers a one-stop-shop solution

Markerstudy Group acquires BGL Insurance

Markerstudy has acquired BGL Insurance (BGLi) from BGL Group, a digital distributor of insurance and household financial services, subject to regulatory approval.  The transaction is subject to regulatory approval and is expected to complete during the first half of 2022.    Markerstudy was advised by KBW, Slaughter and May, and

Victory Capital closes acquisition of WestEnd Advisors

Victory Capital Holdings has successfully closed its acquisition of WestEnd Advisors (WestEnd). WestEnd will become Victory Capital’s 12th Investment Franchise.  Founded in 2004, and headquartered in Charlotte, North Carolina, WestEnd provides financial advisors with turnkey, core model allocation strategies serving as holistic solutions and complementary sources of alpha. The firm

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