SGG acquires PE fund administrator Augentius
Private equity and real estate fund administrator Augentius has been acquired by SGG Group, an investor services provider to alternative asset managers, corporations, and high net worth families.
The deal will make SGG one of the top three independent administrators to the alternative investment community globally and consolidate its position as the world's fourth-largest independent investor services firm, according to a statement.
The combined entity will cover fund administration, regulatory hosting, depositary services, EU Alternative Investment Fund Managers Directive (AIFMD) reporting, compliance with regulatory standards including the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS), and investor solutions. It will have over 2,450 professionals across 24 locations.
Augentius will continue operating under its existing brand name for the time being. The fund administrator – which appointed Jimmy Leong as managing director for Asia earlier this year – operates in 12 domiciles, servicing more than 490 funds, and has $145 billion in assets under administration. SGG services over 300 funds with assets under administration in excess of $250 billion. The firm was acquired by Europe-based GP Astorg in 2015.
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