New York (HedgeCo.Net) Private equity firm BV Investment Partners is selling off hedge fund administrator Butterfield Fulcrum to Mitsubishi UFJ Trust and Banking Corporation.
The Butterfield Fulcrum Group services more than 850 funds and has seven offices in six countries and employs over 325 people. The transaction is subject to normal regulatory and government approvals.
“It was a great pleasure to work with the BV team whose knowledge of the information services sector and support helped us grow the business. We are excited to enter this new partnership with MUTB as it is a very positive move for the company and our clients.” Glenn Henderson, Chief Executive Officer of Butterfield Fulcrum, said.
BV Investment Partners is currently investing its eighth private equity fund. Since its founding in 1983, the firm has invested over $2.6 billion in over 80 companies, actively targeting investments in the information and business services and communications industries.
Alex Akesson
For HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
