One of the leading private equity funds that focus on global asset management and other related business industries, Estancia Capital Partners LP, recently announced its acquisition of a minority interest in Equinoxe Alternative Investment Services. It is joining the XL Group Plc as a strategic investor in the firm.
The terms of the transaction remained private.
According to Estancia Partner Danny Kang, "Equinoxe is a premier service provider within the global alternative investment fund administration space led by a proven management team that has previously successfully built two similar service businesses. We look forward to working closely with the team to source acquisition opportunities, support new product solutions and execute on its strategic corporate development plan leveraging Estancia's deep network of relationships including alternative managers, lawyers, accountants and industry consultants."
Equinoxe is a full service alternative investment fund management company. In this transaction, the proceeds of the investment would be reinvested to expand client coverage to include Singapore and Malta, expand its solutions for hedge funds and other financial partners and hire additional services and operational personnel throughout the world.
Join the Conversation