MIAMI–(BUSINESS WIRE)–ZEDRA, the fast-growing global specialist in Corporate and Global Expansion, Active Wealth, Pensions and Incentives, as well as Fund solutions today announces that following receipt of regulatory approval from the Central Bank of Curaçao and Sint Maarten (CBCS), it has completed its acquisition of Curaçao and US based Atlas Fund Services, a privately held, fully licensed, and industry-recognized investment fund administrator.
Founded in 2006, Atlas Fund Services provides long-term, tailored, and reliable alternative investment fund services to US-based investment managers from its offices in Charlotte, North Carolina as well as Curaçao. Atlas Fund Services also services clients located in Europe and throughout Latin America from its office in Curaçao. Its client base includes emerging and seasoned funds, spanning across private equity and hedge funds.
ZEDRA has an established presence in the fund services industry, with dedicated teams in the Cayman Islands, Luxembourg, Channel Islands and Singapore. The acquisition marks a milestone for the firm as it adds fund services in the US but also enhances its existing focus on the Latin American market through a new office in Curaçao, complementing the firm’s available fund services capabilities in the region through its Cayman Islands office.
The deal follows the acquisition of US based Axelia Partners, a provider of global expansion services with offices in Boston and New York earlier this year, as well as BFCS, previously the fund and corporate services arm of Banque Internationale à Luxembourg.
Wim Ritz, ZEDRA Global Head of Funds, said: “This acquisition propels ZEDRA forward in becoming an international leader in the funds services industry. We expect to grow our presence in the US exponentially over the near future, leveraging Atlas’ know-how and resources. The prominence of the US market for the funds industry is unrivalled, representing nearly half of the global alternative investment market share. It has always been a core market for us, notably for our global expansion services. We are excited to push ahead into the US funds markets with the Atlas team on our side.”
Maarten Robberts, Atlas Fund Services, Managing Director, said: “We are very excited to join ZEDRA. Since we announced the transaction, the collaboration and discussions with ZEDRA have been very fruitful with no service disruption for our clients. This marriage of our growing and entrepreneurial firms is characterised by our shared expertise and passion to service clients and we look forward to achieving greater efficiency and added value for our clients through smart automation. We believe that becoming ZEDRA is an excellent step forward.”
About ZEDRA
ZEDRA is a global provider of Corporate and Global Expansion, Active Wealth and Fund services as well as Pension and Incentive solutions.
The firm’s highly experienced teams deliver tailored high-quality solutions to clients who include high net worth individuals and their families seeking diversified active wealth solutions, as well as, medium to large sized companies, pension funds and trustees, asset managers and their investors.
The firm prides itself on getting to know its clients so that it can anticipate their continually evolving needs and allow them to focus on their core business and broader interests. ZEDRA’s global footprint enables it to deliver bespoke solutions that meet the local and international requirements of the increasingly demanding regulatory environment.
ZEDRA inherited a wealth of knowledge and experience following its acquisition of trust businesses of a renowned bank in 2016. This solid foundation combined with innovative thinking has allowed ZEDRA to grow rapidly in a competitive marketplace to a team of 900+ industry experts across 16 countries spanning Asia, Oceania, the Americas and Europe.
Earlier this year, ZEDRA reached an agreement to receive a strategic minority investment* from British Columbia Investment Management Corporation (“BCI”), one of Canada’s largest institutional investors, investing in trustworthy businesses for a long-term horizon.
* The transaction is subject to customary regulatory approvals.
About Atlas Fund Services
Since Atlas Fund Services’ establishment in 2006, the team of professionals has been dedicated to providing long-term, tailored, and reliable alternative investment fund services.
As a fully licensed, and industry-recognized investment fund administrator, we understand the desire for flexible fund administration solutions. Atlas Fund Services provides personalized service with utmost professionalism and commitment to full client satisfaction.
With offices in Charlotte (North Carolina), the company delivers a full suite of alternative fund service solutions to its US-based investment managers. Atlas also has offices in Willemstad, Curaçao, catering to family offices and investment managers located in Europe, Brazil, and throughout Latin America.
