“We are confident that our capacity to manage more asset classes by combining alternative and Ucits strategies, along with our expanded market presence, will drive our clients’ strategic growth aspirations and create exciting opportunities for our colleagues,” stated Jan Vanhoutte, managing director of Vistra Fund Management, on the takeover of Kroll manco on Wednesday. Photo: Vistra

“We are confident that our capacity to manage more asset classes by combining alternative and Ucits strategies, along with our expanded market presence, will drive our clients’ strategic growth aspirations and create exciting opportunities for our colleagues,” stated Jan Vanhoutte, managing director of Vistra Fund Management, on the takeover of Kroll manco on Wednesday. Photo: Vistra

Vistra has acquired Kroll manco, which enhances its position in the Luxembourg market with expanded asset management services, announced Vistra on Wednesday.

The fund services group Vistra  on 13 December its acquisition of Kroll (Luxembourg) Management Company, which holds licences for both undertakings for collective investment in transferable securities (Ucits) and alternative investment funds (AIF).

This acquisition, pending regulatory approval, signifies Vistra’s strategic move to augment its service offerings for private capital asset managers and allocators, the company stated. Specialising in private equity, real estate, infrastructure and loan origination, Vistra aims to expand its capabilities, particularly in supporting the loan secondaries market, leveraging its Ucits/AIFM licence.

Post-acquisition, the combined entity will emerge as a dominant force in the Luxembourg market, bolstered by Vistra’s recent merger with Tricor in July 2023, as stated in the press release. This merger expanded Vistra’s global network to now comprise over 9,000 professionals across more than 50 jurisdictions, enhancing the company’s geographic reach and service capabilities.

, managing director and conducting officer at Vistra Fund Management, expressed enthusiasm about the acquisition in the company’s announcement, highlighting the benefits it brings to clients and colleagues. He emphasised the potential for managing a broader range of asset classes and the opportunities for strategic growth and development that this merger will facilitate.

Anil Singh, managing director at Kroll, echoed these sentiments, noting the enhanced service offerings and improved client support resulting from the union of the two companies. He acknowledged Vistra’s support in the process and the mutual respect between the two entities.

The leadership structure post-merger will see Vanhoutte leading the expanded Vistra Fund Management business as managing director, while Singh will continue in a key leadership role, focusing on overseeing the integration of Kroll manco into Vistra.

It is also planned that Kroll manco will undergo rebranding to Vistra at a later date.

Updated, 15 December at 10:30am: After this article was originally published, Vistra spokespeople contacted Delano to clarify that Vista Holdings acquired the Kroll manco; the press release was issued by Vistra Fund Management.

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