BV Investment Partners has sold Butterfield Fulcrum to Mitsubishi UFJ Trust and Banking Corporation. The company provides full service fund administration including front, middle and back solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds.
BV Investment Partners (“BV”), a lower middle-market private equity firm focused on the information and business services and communications sectors, today announced the completion of the previously announced sale of Butterfield Fulcrum, a leading independent hedge fund administrator and service provider to the alternative investment industry, to Mitsubishi UFJ Trust and Banking Corporation (“MUTB”).
The acquisition, made in partnership with industry executives Glenn Henderson and Tim Calveley in 2011, combined Butterfield Fulcrum Group and FORS to form a new platform company serving the alternative asset class and laid the groundwork for its future growth. With its comprehensive suite of products and services, the company today is a leading independent services provider with 25 years of experience providing a full service fund administration offering including front, middle and back solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company services more than 850 funds and has seven offices in six countries and employs over 325 people.
BV Investment Partners is currently investing its eighth private equity fund. The Firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested over $2.6 billion in over 80 companies, actively targeting investments in the information and business services and communications industries. For more information, please visit www.bvlp.com.