FTV Capital has made an investment in Dublin-based Centaur Fund Services, a provider of fund administration and regulatory services for the alternative investment fund industry. No financial terms were disclosed. Key Capital served as financial advisor to Centaur while NME Law provided legal counsel.
DUBLIN (PRWEB) JANUARY 29, 2020
Centaur Fund Services, a leader in fund administration and regulatory services for the alternative investment fund industry, today announced it has secured a significant growth equity investment from FTV Capital, a sector-focused growth equity investment firm. The capital will position the company for continued expansion into new geographies and further investment into talent, product development and technology. As fund managers increasingly look to outsource their regulatory and back- and middle-office functions, Centaur has experienced rising demand for its state-of-the-art solutions as a tech-enabled independent fund administrator.
Ronan Daly, Karen Malone and Eric Bertrand, Centaur’s co-founders, will continue their leadership roles and remain significant shareholders in the company. As part of the transaction, FTV Capital partner Kyle Griswold and vice president Brent Fierro will join the company’s board of directors.
“We have known FTV for several years through their impressive track record in our sector, and now we look forward to working closely together as we enter this next phase of growth,” commented Centaur’s Ronan Daly. “We see tremendous potential across alternative asset classes and geographies, especially in Europe and North America, and are confident that we can continue to seize this market opportunity with FTV Capital’s experience and expertise.”
Founded in 2009, Centaur provides fund administration services for alternative investment funds, including hedge funds, private equity, venture capital, credit and real estate funds, family offices and insurance-linked securities funds. Centaur carefully selects its technology partners to help support growth, deliver efficiency and high-quality service. Centaur’s core fund administration platform offers a comprehensive suite of fund accounting, investor servicing, regulatory, corporate and depositary services supported by a tremendously talented team with over 140 staff across 9 global locations. With the alternative asset class of open and closed-end funds expected to reach $14 trillion in global assets under management (AUM) by 2023 (“Future of Alternatives,” Preqin, Oct 2018), the demand for exemplary servicing delivered cost-effectively is projected to continue to grow as managers seek to compete in all aspects of their business.
“As a one-stop shop for alternative fund managers, Centaur differentiates itself through award-winning client service delivered through industry-leading technology across multiple geographies and jurisdictions,” said FTV’s Kyle Griswold. “Centaur’s scalable, transparent and customizable solutions are in high demand as accountability and compliance continues to be top of mind for alternative fund managers. Centaur’s management team has extensive domain experience, and we look forward to helping the team execute on their long-term strategy.”
The transaction is subject to regulatory approval.
Key Capital acted as exclusive financial advisor and NME Law provided legal counsel to Centaur Fund Services.
About FTV Capital
FTV Capital is a growth equity investment firm that has raised more than $2.7 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services and payments & transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in over 110 portfolio companies, including a number of successful companies in the asset and wealth management space such as Apex Fund Services, Enfusion, Financial Engines, InvestCloud, Riskalyze, Strata Fund Solutions, and True Potential. FTV has offices in San Francisco and New York. For more information, visit http://www.ftvcapital.com. Follow us on Twitter (@FTVCapital) and LinkedIn.
About Centaur Fund Services
Centaur is a leading independent fund administrator with offices in the United States, Bermuda, Canada, Cayman and Europe. Centaur delivers independent fund administration and regulatory services globally to the alternative investment fund industry, focusing on hedge funds, private equity, venture capital, credit and real estate funds, family offices and ILS funds. For more information, visit http://www.centaurfs.com.