The global asset servicing arm of Japan’s Mitsubishi UFJ Financial Group, MUFG Investor Services, has sealed the deal to acquire Capital Analytics, the private equity (PE) administration business of New York-headquartered Neuberger Berman Group (Neuberger Berman).
The transaction is part of MUFG Investor Services’ bid to become a global industry-leading fund administrator and brings its PE and real estate assets under administration (AUA) to US$145 billion, and total AUA to $384 billion.
According to a statement from MUFG Investor Services, it has acquired all of Capital Analytics’ business and will provide a seamless transition for its employees and clients. In addition, 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.
“The acquisition of Capital Analytics is another indication of our ambition and commitment to the fund administration industry and enhances our comprehensive offering in the alternative investment space. We look forward to leveraging the capabilities of Capital Analytics and providing a full market offering for both new and existing clients,” comments Junichi Okamoto, group head of integrated trust assets business group, deputy president, Mitsubishi UFJ Trust and Banking Corporation.
John Sergides, managing director, global head, business development and marketing, MUFG Investor Services, adds: “The asset servicing and specifically fund administration landscape is changing significantly under the pressure of increased demands from regulators, investment managers and investors. This acquisition enhances our comprehensive PE and real estate offering, for both general and limited partners, ensuring MUFG Investor Services is the ideal partner to support clients throughout the investment lifecycle.”
He continues: “We will be making further announcements regarding our enhanced client proposition over the coming months.”
Neuberger Berman, which was founded in 1939, is a private, independent, employee-owned investment manager. As of December 31 last year, it was managing $240 billion in client assets. On the acquisition of Capital Analytics, Anthony Tutrone, global head of alternatives at the firm, says: “Our partnership with MUFG will continue to allow our clients to benefit from Capital Analytics’ best-in-class services that they and Neuberger Berman have come to rely upon.”
