POWERED BY MOMENTUM MEDIA
State Street acquires Mercatus
State Street has agreed to acquire Mercatus, a solutions and data management provider for private market managers with over $1 trillion in invested capital.
The transaction, which was set to be completed in September, would subsequently see State Street launch its solution to private markets State Street Alpha for institutional investors.
This would allow them to manage the lifecycle of their infrastructure, private equity, real estate, private debt and fund of fund investments through a single platform. It would also give them more visibility into asset and fund level data, better transparency and improved client service levels.
Paul Fleming, executive vice president and global head of State Street’s alternatives segment, said: “Institutional investors are turning to the private markets as the hunt for alpha intensifies. Expanding our alternative offerings will help us meet the multi-faceted needs of these investors and provide our clients with even more solutions”.
"Investors in both public and private markets are realising the risk and inefficiencies created across their bespoke front, middle, and back-office solutions," said Haresh Patel, chief executive of Mercatus.
"We are excited to join forces with State Street and Charles River Development to achieve a new one office vision and deliver a fully integrated front to back; public to private; technology, data, and services offering all under one platform."
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Morningstar believes there is still further to run with the potential takeover of Insignia Financial even with original bidder Bain Capital walking away.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end.
The future of superannuation policy remains uncertain, with further reforms potentially on the horizon as the Albanese government seeks to curb the use of superannuation as a bequest vehicle.
Superannuation funds will have two options for charging fees for the advice provided by the new class of adviser.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
