The global asset servicing group of Mitsubishi UFJ Financial Group, MUFG Investor Services, has received all the necessary regulatory approvals for its acquisition of Capital Analytics, the private equity administration business of Neuberger Berman Group. As a result, the acquisition has now closed. The deal brings the firm’s private equity and real estate assets under administration (AUA) to US$145billion, and total AUA to $384billion.
John Sergides, managing director, global head, business development and marketing, MUFG Investor Services, added: “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 private equity 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. We will be making further announcements regarding our enhanced client proposition over the coming months.”
Anthony Tutrone, global head of alternatives at Neuberger Berman, commented: “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.”
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.