MUFG snaps up Capital Analytics in latest fund admin deal

MUFG snaps up Capital Analytics in latest fund admin deal

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Mitsubishi UFJ’s asset servicing arm has wrapped up its acquisition of Capital Analytics, the private equity administration business of Neuberger Berman.

The move by MUFG Investor Services brings its private equity and real estate assets under administration (AUA) to $145bn, and total AUA to $384bn.

It follows a spate of mergers in recently which have altered the fund administration landscape.

MUFG also acquired UBS Asset Management’s Alternative Fund Services (AFS) business last year.

SS&C Technologies followed up in March with a $321m purchase of Citi's Alternative Investor Services hedge fund and private equity businesses.

Bill Stone,  chief exec of SS&C, said the tie-up created a "worldwide fund administration powerhouse".

Other notable deals include BNP Paribas' acquisition of Credit Suisse’s Prime Fund Services (PFS) in 2015. 

John Sergides, MUFG Investor Services' global head of business development and marketing, says the consolidation has been caused by increased demands from regulators, investment managers and investors.

The EU's AIFMD, for example, has been one of the contributing factors.

Smaller institutions struggle to have the balance sheet to provide full depositary services under AIFMD.

"This acquisition enhances our comprehensive private equity and real estate offering, ensuring MUFG Investor Services is the ideal partner to support clients throughout the investment lifecycle,” Sergides adds.

“We will be making further announcements regarding our enhanced client proposition over the coming months.”

Neuberger Berman funds will continue to receive administrative services from Capital Analytics; however, no funds or investment professionals will transfer as part of the acquisition.



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