Suntera Global has entered into an agreement to acquire Experienced Advisory Consultants, a US-based provider of outsourced and operational support services to alternative investment managers.
The transaction is subject to completion conditions and is expected to complete in May.
Experienced Advisory Consultants (EAC) provides services to a range of clients, including hedge funds, private equity and venture capital firms, broker-dealers, funds of hedge funds and family offices. Its client base includes both early-stage funds and larger institutions.
The acquisition will add to Suntera’s existing operations in the United States, including the addition of offices in Florida and Connecticut. It follows the firm’s acquisition of Socium, now Suntera Fund Services, in 2022.
Once the transaction completes, the EAC team will join Suntera Global and initially operate as “EAC, a Suntera Global Company”, with rebranding to follow at a later date. The business will continue to be led by co-founder Ed Fasano and his existing management team.
David Hudson, CEO of Suntera Global, said: “The addition of EAC to our global offering represents an important milestone and key phase of expansion and growth. By joining up with a well-established and respected business such as EAC, we are expanding our US and international footprint, reinforcing our ability to support clients across the full fund lifecycle and across the globe.
“Given its existing reputation and success, EAC will continue to operate under its current leadership of Ed Fasano with his management team and professionals, ensuring continuity, deep sector knowledge, and a strong client focus as the business becomes part of the wider Group. I am looking forward to welcoming the EAC team to Suntera and working together to offer an exceptional service to our growing client base.”
Ed Fasano, Co-Founder, Experienced Advisory Consultants LLC, also commented: ““We are extremely pleased to be stepping into our next phase of expansion by joining Suntera Global. This marks a positive step for EAC and reflects the quality of the business, the calibre of our people, and the longstanding trust placed in the firm by our clients. For Suntera, EAC stood out for its specialist outsourced solutions, disciplined operational approach to client delivery, and its proven track record in delivery of high touch support to alternative investment managers, making this an exceptionally strong strategic fit.
“Becoming part of Suntera provides EAC with access to broader resources and international infrastructure, while preserving the autonomy, entrepreneurial culture, and client focused approach that underpin the firm’s success. We very much look forward to working with our new team members and expanding our existing offering for clients.”
