Suntera Global, the Jersey headquartered, independent provider of bespoke fund, corporate and private wealth services, has entered into an agreement to acquire fund administration and corporate services provider Khepri.
The deal is subject to regulatory approval and is expected to complete in the second half of the year.
Headquartered in London, Khepri boasts a growing team of more than 35 fund servicing specialists. Licensed in the UK by the FCA and HMRC, it provides a full suite of fund administration services to asset managers, including investor onboarding, hosted fund management, regulatory reporting, appointed representative and compliance consulting, as well as a broad range of corporate secretarial, bookkeeping and accounting services.
In total, Khepri services a total of £6bn in assets under management (AUM) on behalf of clients, spanning a full range of asset classes, and works predominantly with managers in the UK across venture capital, emerging private equity and real estate.
Commenting on the acquisition, David Hudson (pictured), CEO of Suntera, said: “We remain focused on expanding our international footprint, through both organic and inorganic growth, with an emphasis on asserting our specialised capabilities and a diversified proposition across geographies and service lines. This addition of Khepri, a high-quality growth business with an impressive team and a strong track record, is a reflection of that, adding a vital capability for Suntera in the UK, strengthening our ability to support alternative asset managers and complementing our existing global fund administration proposition.”
Will Roxburgh, Managing Partner at Khepri, added: ‘’This is a further exciting milestone in Khepri’s journey and helps us execute our own ambitious growth strategy. By joining Suntera we have been enabled to leapfrog some of our own objectives in ensuring that we can continue to support our existing clients whilst being able to offer a wide range of additional services across multiple jurisdictions. Suntera have proven to be a perfect fit for our team, clients and overall culture. Our objectives have been aligned from day one and as we enter this next phase of growth, we are greatly looking forward to working with David and the wider Suntera team.”
