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.
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.
As a result, TMF Group will now administer more than EUR160 billion of assets on behalf of its fund manager clients, providing end-to-end fund administration solutions in Brazil, the United States, Cayman Islands, Guernsey, Jersey, Luxembourg, Singapore, India, Hong Kong, China and Australia.
The deal follows other carefully selected acquisitions that have taken place recently, including that of Venture Back Office, a fund business in the US; State Street’s fund administration business in the Channel Islands; IQ-Nexus in The Netherlands; and Selectra, a third party AIFM Manco in Luxembourg.
