Dublin, 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’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.