TMF Group expands Latin American presence by acquiring Paraty Capital

Latest M&A deal for TMF Group will increase its assets under administration to over €160 billion.

By Wesley Bray

Global administrative services provider TMF Group has completed the acquisition of Brazilian fund administration platform Paraty Capital.   

The newly acquired platform focuses on private equity, infrastructure, venture capital and private debt funds, and has over R$15 billion in assets under management (AUM).  

Following the acquisition, TMF Group will now administer over €160 billion of assets on behalf of its fund manager clients, offering end-to-end fund administration solutions in Brazil, the US, Cayman Islands, Guernsey, Jersey, Luxembourg, Singapore, India, Hong Kong, China and Australia.  

The acquisition falls in line with TMF Group’s growth strategy which includes growing its global fund services business and bolstering its capabilities in the Americas.  

In addition to providing fund managers with extensive coverage across South America, TMF Group can now also offer administration services to regulated Brazilian funds.  

The Latin American market is particularly important for the group due to its strong links to the US market and its global growth potential. Paraty’s offering is complementary, providing a range of services from fund administration to investor services, as well as solutions for management and portfolio companies,” said Michael Seligman, head of Iberia and Latin America at TMF Group.  

“It has a strong reputation in the market and an impressive number of private equity and venture capital funds. The team’s local expertise, as well as our global reach and increased presence in the US, looks set to make this region a key area for significant growth in 2022.”

The deal is the latest in a string of takeovers by the administrative services provider after it acquired US-based Venture Back Office, State Street’s fund administration business in the Channel Islands, Dutch-based IQ-Nexus, and Selectra, a third-party AIFM ManCo in Luxembourg.

“TMF Group has a lot to offer our clients and we are excited to be joining forces with them. Their global footprint, use of technology and complementary service offering makes them a real provider of choice in the marketplace both for our clients and employees,” said Christiano Jonasson, co-founder of Paraty Capital.