ZEDRA completes acquisition of Atlas Fund Services

Acquisition expands ZEDRA’s foothold in the fund services industry into Latin America and the US.

By Chris Lemmon

Fund and corporate services provider ZEDRA has signed a sales and purchase agreement to acquire investment fund administrator Atlas Fund Services.

Founded in 2006, Atlas Fund Services provides investment fund services to US-based investment managers from its office in North Carolina, as well as family offices and investment managers located in Europe, US, and Latin America from its office in Willemstad, Curaçao. Its client base includes emerging and seasoned funds, spanning across private equity, hedge funds and family offices.

With this acquisition, ZEDRA expands its foothold in the fund services industry from European and Asian markets into Latin America and the US.

Ivo Hemelraad, chief executive of ZEDRA, said: “With this deal, we continue to expand our global presence providing in the US both global expansion and fund services in the largest single market globally.

“The additional expertise and resources that the Atlas Fund Services team brings will be instrumental in enlarging our capabilities in the US but also in servicing the Latin American funds market through their office in Curaçao.”

Maarten Robberts, managing director of Atlas Fund Services, added: “We believe that ZEDRA is a strong cultural fit. The firm shares our aspirations to provide the best possible fund administration solutions to clients in a personalised manner.”

The deal is subject to regulatory approval by the Centrale Bank of Curaçao and Sint Maarten (CBCS).

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