Carne Group, a Dublin Ireland based digitally driven platform built for fund management solutions, announced that it has secured €100 million capital on 13th January 2021.
The funding round was led by Vitruvian Partners, a London headquartered independent growth capital firm primarily focused on dynamic situations characterized by rapid change and growth across IT and fintech industries.
The proceeds of the investment will be utilized in the expansion of client led technology solutions of Carne and will witness between partners to acquire a minority stake in the enterprise. The investment is yet subject to the regulatory approval.
John Donohoe, the founder and Group CEO of Carne, said, “At Carne our goal is to provide asset managers and institutional investors with solutions that lead to better investor outcomes. We are focused on transforming the asset management industry through our proprietary CORR technology, hiring the best talent globally, and building client led, trusted solutions. In Vitruvian, we found a partner with a shared vision and the experience and intellectual capital to help us bring further innovation to the industry. Together we can build and deliver better outcomes resulting in a win-win for both asset managers and investors.”
About Carne Group
Established in 2004, Carne Partners has grown to be the premier global provider for various fund management solutions and it occupies the position of the third largest party fund management enterprise across the globe. The company presently has 350 employees across varied global locations that manage governance, compliance, substance and regulatory requirements for 550 plus world’s leading institutional investors and asset managers. The growing team of Carne is continuously delivering innovative and industry specific solutions that create greater competitive advantage for their clients and make their risk and governance process not just rapid but cost-effective and better as well.
CORR (Compliance Oversight Risk and Reporting), the leading technology platform provided by Carne, is efficiently utilized by asset managers for fulfilling their compliance, risk and operational requirements with precision, efficiency and effectiveness. CORR features automatic data acquisition analysis and real-time reporting systems. It is built intelligently to meet the regulatory and compliance obligations in manifold jurisdictions and putting them in complete control of the business, operational, reputational and the financial risk.
The platform has seen amazing roll out since its launch and is effectively managing worth US$ two trillion assets.
In the investment Stephens Europe, Deloitte, and Matheson acted as the advisors for transaction Carne Group and KPMG Ireland Corporate Finance, EY, PwC, Oliver Wyman, and Dickson Minto advised Vitruvian Partners.
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