Private equity firm Estancia Capital Partners has acquired an undisclosed minority stake in global hedge fund administrator Equinoxe Alternative Investment Services.
Equinoxe will reinvest the proceeds of the investment to launch new client coverage offices in Singapore and Malta, expand the features of its solutions for hedge funds, private equity funds and insurance clients and hire additional client service and operational personnel across its global locations.
Estancia partner Danny Kang explained in a statement that the partnership will allow Equinoxe 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.” Terms of the transaction were not disclosed.
Founded in 2007, Equinoxe has over $12/5 billion in assets under administration and is reported by the Q4 2012 eVestment Hedge Fund Administrator Survey as the second-fastest growing hedge fund administrator. Estancia primarily focuses on small to lower middle market investments in institutional asset management, wealth management and related business services firms.