S64 Announces Successful Close of Series A Funding Round with investments from HPS Investment Partners and Sumitomo Mitsui Trust Bank
2024年7月29日 - 4:55PM
S64, the global alternatives fintech and solutions partner to the
wealth management industry, today announced the successful close of
its Series A funding round which includes investments from HPS
Investment Partners and Sumitomo Mitsui Trust Bank, two prominent
institutional investors.
The new capital and strategic partnerships will
accelerate S64’s growth and expansion strategy, enhancing its
cutting-edge product manufacturing capabilities and proprietary
technology platform. This investment will support the firm’s
ambition to unlock rising demand from private investors seeking
access to a leading range of global alternative investment
opportunities.
Tarun Nagpal, Founder and CEO of S64, said: “We
are delighted to have the support of such esteemed investors as HPS
Investment Partners and Sumitomo Mitsui Trust Bank. This funding
round marks a significant milestone for S64, enabling us to
continue to innovate and deliver private markets opportunities to
the wealth management sector across Europe and Asia Pacific. The
combination of our market-leading technology and product
manufacturing capabilities, alongside the strategic support from
our investors, puts us in an exceptional position for future growth
and expansion.”
Tom Wasserman, Managing Director of HPS Investment
Partners responsible for the firm’s strategic growth equity
investments, said: “We are excited to partner with S64, a
company with an outstanding team and compelling offerings to
transform access to private market investments for wealth managers.
We believe that S64 is well-positioned to capitalize on the growing
demand for alternative investment solutions and look forward to
supporting their journey and continued success.”
Futoshi Itani, Head of Investor Services Business of
Sumitomo Mitsui Trust Bank, added: “Sumitomo Mitsui Trust
Bank is delighted to participate in this investment round alongside
HPS Investment Partners. As one of the largest institutional
investors in the country, we offer gatekeeping services to major
domestic institutional investors and maintain a broad network with
domestic and overseas investment managers. We aim to leverage our
asset management expertise and S64’s leading product solutions and
technology platform to provide private assets, which were
previously accessible only to major institutional investors, to
small/middle institutional investors and individual investors
in Japan. Through our strategic partnership, we will be able to
solidify our global presence in private assets while also helping
to enhance S64’s global presence.”
The Series A funding follows the original seed investment which
was led by AltamarCAM Partners (40 per cent owned by Permira growth
equity) and included Pollen Street Capital and ACE & Company,
amongst others, whose early and continuing support has been
instrumental in S64’s journey.
About S64:
S64 Ventures Limited (“S64”) is a leading global alternatives
and technology solutions business bridging the opportunity for
wealth investors in private markets. It works with world-class
asset managers and private banks across private equity, credit,
real estate, infrastructure, and impact investments to develop
innovative solutions for wealth managers. S64’s state of the art
technology platform offers full lifecycle management of alternative
assets — from structuring and distribution to financing and
secondary market capabilities, meeting complex regulatory and
cross-border jurisdictional requirements across Europe and Asia.
Trusted to deliver market-leading technology and products, S64
supports the world’s leading GPs, asset managers and private
banks.
About HPS Investment Partners:
HPS Investment Partners, LLC is a leading global, credit-focused
alternative investment firm that seeks to provide creative capital
solutions and generate attractive risk-adjusted returns for our
clients. We manage various strategies across the capital structure,
including privately negotiated senior debt; privately negotiated
junior capital solutions in debt, preferred and equity formats;
liquid credit including syndicated leveraged loans, collateralized
loan obligations and high yield bonds; asset-based finance and real
estate. The scale and breadth of our platform offers the
flexibility to invest in companies large and small, through
standard or customized solutions. At our core, we share a common
thread of intellectual rigor and discipline that enables us to
create value for our clients, who have entrusted us with
approximately $116 billion of assets under management as of May
2024.
About Sumitomo Mitsui Trust Bank:
Sumitomo Mitsui Trust Holdings, Inc. is the only listed trust
bank group in Japan. Sumitomo Mitsui Trust Group (“SuMi TRUST
Group”) excels in numerous trust-related business areas such as
asset management and wealth management, and collectively holds one
of the largest asset under custody and asset under management in
Asia. With a diverse client base ranging from pension funds to
financial institutions, SuMi TRUST Group offers a wide range of
investment products, including alternative assets.
Sumitomo Mitsui Trust Bank, Limited forms the core of SuMi TRUST
Group with one of the largest businesses in most of the major trust
and banking business areas.
Further information:
Michael Mpofu Director, Citigate Dewe Rogerson Email:
Michael.mpofu@citigatedewerogerson.com Phone: +44 (0)79 326
81947