S64, the global alternatives fintech and solutions partner to the wealth management industry, 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.
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