Alfi Partners will boost FundRock’s presence, sales resources, and distribution capabilities throughout Europe, said Apex, while clients of Alfi Partners will be able to take advantage of Apex’s global perspective and a wide range of services provided by a single entity.

 “We are excited to be joining Apex Group, whose existing distribution capabilities will enhance our cross-jurisdictional reach and strengthen our ability to offer clients a substantial, well-capitalised solution underpinned by decades of experience,” said founding partner of Alfi Partners François Defferriere.

 The amount of the deal was not disclosed. The acquisition of Alfi Partners follows FundRock’s acquisition of fund services provider Maitland in May 2022 and Apex’s acquisition of Sanne in September 2022.

 “This acquisition signals our continued commitment to help managers tackle the increasingly complex regulatory requirements of cross-border fund distribution and support their asset raising activities,” said founder and CEO of Apex Group Peter Hughes.

Founded in 2004, Alfi Partners is based in Luxembourg, Paris, and Geneva and is present in 10 European countries. It has a of eight finance professionals, four of whom are active in Luxembourg. As a third-party marketer, it puts asset management firms in contact with investors and helps them build relationships. Since its creation, over €20bn have been invested through ALFI Partners across all asset classes and geographical regions.

As of 30 June 2021, FundRock oversees more than 470 funds with a total of €119 billion in assets under management.