{"id":47161,"date":"2015-03-27T07:57:19","date_gmt":"2015-03-27T11:57:19","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=47161"},"modified":"2015-03-27T07:57:19","modified_gmt":"2015-03-27T11:57:19","slug":"the-carlyle-group-to-acquire-conifer-financial-services","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2015\/the-carlyle-group-to-acquire-conifer-financial-services.html","title":{"rendered":"The Carlyle Group To Acquire Conifer Financial Services"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/mergers-acquisitions.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-44602\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/mergers-acquisitions.jpg\" alt=\"mergers-acquisitions\" width=\"346\" height=\"242\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/mergers-acquisitions.jpg 900w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2014\/10\/mergers-acquisitions-300x210.jpg 300w\" sizes=\"auto, (max-width: 346px) 100vw, 346px\" \/><\/a>New York (HedgeCo.Net) &#8211; Global hedge fund asset manager The Carlyle Group has agreed to acquire a majority stake in Conifer Financial Services LLC, a $100 billion independent asset services firm.<\/p>\n<p>The transaction, terms of which\u00a0were not disclosed, is expected to close in the second quarter of 2015 subject to customary\u00a0closing requirements and regulatory approvals. Senior management of Conifer will continue to lead the\u00a0business and own a significant minority interest in the company.<\/p>\n<p>In May 2014, The Conifer Group, LLC and\u00a0Vastardis Capital Services Holdings LP merged their respective businesses to create Conifer\u00a0Financial Services, one of the world&#8217;s largest independent asset services providers and\u00a0outsourced trading platforms.<\/p>\n<p>Keith Taylor, Managing Director of Carlyle\u2019s Global Financial Services Fund, said, \u201cFund services\u00a0are becoming increasingly important to a range of asset owners and managers. Market\u00a0participants are working to gain better control over their data, operations and regulatory\u00a0requirements. Conifer&#8217;s technology advantage allows it to deliver a diverse set of services to\u00a0help its clients thrive in this dynamic environment.&#8221;<\/p>\n<p>Christopher Dodds, Keith Taylor and William Allen will join Jack McDonald and William Vastardis\u00a0on Conifer\u2019s Board of Directors.<\/p>\n<p>Capital for Carlyle\u2019s investment will come from Carlyle Global Financial Services Partners II. L.P.,\u00a0which invests in management buyouts, growth capital opportunities and strategic minority\u00a0investments in financial services firms globally. This will be the fifth investment by the fund.<\/p>\n<p>Previous investments include: Duff &amp; Phelps, DBRS and Edgewood Partners Holdings Inc. <\/p>\n<p>Alex Akesson <br \/>Editor for <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Global hedge fund asset manager The Carlyle Group has agreed to acquire a majority stake in Conifer Financial Services LLC, a $100 billion independent asset services firm. The transaction, terms of which\u00a0were not disclosed, is expected [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16005,16044,3],"tags":[],"class_list":["post-47161","post","type-post","status-publish","format-standard","hentry","category-developing-stories","category-hedge-fund-strategies-2","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=47161"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47161\/revisions"}],"predecessor-version":[{"id":47186,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/47161\/revisions\/47186"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=47161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=47161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=47161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}