Universal Investment Group has completed its acquisition of FCG Fonder AB having received regulatory approval from Swedish regulator Finansinspektionen.
The acquisition boosts Universal’s ability to provide clients with comprehensive fund structuring and administration solutions across jurisdictions, meaning clients will benefit from expanded access to cross-border distribution, scalable infrastructure, and a broader range of services across both traditional and alternative asset classes, the firm said.
Headquartered in Stockholm, FCG Fonder is an established third-party management company and fund administration provider serving asset managers and institutional investors across the Nordic region with approximately €4bn in assets under administration.
Francesca McDonagh, CEO of Universal Investment Group, said: “The completion of this acquisition marks an important milestone in our continued growth strategy and reinforces our long-term commitment to the Nordic market and local clients.
“With FCG Fonder’s deep local expertise and the synergies between our businesses, we are well positioned to deliver tangible client benefits as we continue to support Nordic asset managers and institutional investors looking to expand by leveraging Universal’s pan-European fund platform and unrivalled infrastructure.”
Johan Schagerström, CEO of FCG Fonder AB, added: “We are excited to start this next chapter with Universal Investment. Backed by the strength of Europe’s leading fund services platform, we look forward to continuing to support our clients’ growth and to unlocking additional value for them through a broader offering and enhanced distribution capabilities.”
