The deal will see Multifonds emerge as a standalone entity, remaining under the leadership of its current management team.

Jeffrey Ptak, CFA, is chief ratings officer for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, ...

CEO Scott Hart highlighted a record-breaking quarter for StepStone, with fee-related earnings reaching $74 million and a $10 billion increase in fee-earning assets under management ( AUM ), marking ...

A US-based private fund commonly uses either a Delaware limited partnership or a Delaware LLC as its legal entity. However, it's typical to see a nested structure in which the fund is a limited ...

UPDATED. Montagu has agreed to acquire Temenos’ global fund accounting software business Multifonds in a carve-out transaction. The total enterprise value is around $400 million, including an earnout.

Montagu is set to acquire Multifonds from its corporate parent, Tenemos. Multifonds, a provider of global fund accounting ...

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.

For years, accounting has been seen as a back-office function focused on compliance, managing financial records and ensuring ...

A long-awaited, multi-million-dollar settlement with the United States over the government’s failure to meet trust ...