BV Investment Partners, a private equity firm focused on the lower middle market focused on the information and communications sectors, announced the completion of the sale of one of the leading independent hedge fund administrators, Butterfield Fulcrum. The purchase was done by Mitsubishi UFJ Trust and Banking Corporation.
The acquisition would combine the Butterfield Fulcrum Group and FORS to a new company to serve the alternative asset market. The new firm, with its comprehensive portfolio of services and products, would provide full services from the front end to the end solutions for hedge funds, managed accounts, private equities and other financial management firms. The new company would now have a service portfolio of 850 funds with seven offices located in six different countries with an employee headcount of 325 individuals.
As for BV Investment Partners, this is their eighth private equity fund. As one of the oldest and most experienced sector-focused private equity firms in North America, it has invested about USD2.6 billion in over eighty different companies.
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