TMF to buy State Street PERE Channel Islands business
December 20, 2018
Garrett A. Wollman - The Archives @ BostonRadio.org

TMF Group and State Street Corporation, have signed an agreement for TMF Group to acquire State Street's Private Equity and Real Estate (PERE) fund servicing business in the Channel Islands. 

TMF says the acquisition is a key milestone in its drive to further grow its PERE fund administration business.  After the deal, TMF Group's assets under administration will reach over US$125 billion for PERE clients, making it one of the leading fund administrators in Europe. TMF Group adds that its ‘one-stop-shop' of PERE services, including fund administration and depositary services, is supported by experts in over 80 jurisdictions worldwide. 

In Jersey, the acquisition will add fund administration to its existing corporate and trust services, whilst in Guernsey, it will complement the recent acquisition of Gentoo, a leading fund administration business.





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TMF Group and State Street Corporation, have signed an agreement for TMF Group to acquire State Street's Private Equity and Real Estate (PERE) fund servicing business in the Channel Islands. 

TMF says the acquisition is a key milestone in its drive to further grow its PERE fund administration business.  After the deal, TMF Group's assets under administration will reach over US$125 billion for PERE clients, making it one of the leading fund administrators in Europe. TMF Group adds that its ‘one-stop-shop' of PERE services, including fund administration and depositary services, is supported by experts in over 80 jurisdictions worldwide. 

In Jersey, the acquisition will add fund administration to its existing corporate and trust services, whilst in Guernsey, it will complement the recent acquisition of Gentoo, a leading fund administration business.



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