TMF Group, a leading provider of high value business services to clients operating and investing globally, has completed the integration of Gentoo Holdings Limited (Gentoo), a Guernsey and Luxembourg based provider of fund administration services, following regulatory approval.
Established in 2011, Gentoo performs administration of regulated and unregulated funds, as well as offering depositary services and a range of corporate and domiciliation services. The company has grown its assets under administration to over $15bn, developing a reputation for excellent client service delivery. Gentoo’s management teams have extensive fund experience and are supported by a team of 50 staff.
The integration of Gentoo represents a key milestone for the development and expansion of TMF Group’s private equity and real estate (PERE) offering. Gentoo’s clients will benefit from TMF Group’s broader expertise in SPV administration along with an enhanced suite of support services in over 70 jurisdictions around the world.
Nick Degnen, Managing Director of Gentoo, commented “Becoming part of TMF Group allows us to offer our clients new services from a wider range of jurisdictions, all while maintaining our hands-on and client-focused approach. We’re looking forward to the year to come and contributing to the impact and expansion TMF Group is making in the PERE space.”
Bruno Bagnouls, Global Head of PERE at TMF Group, commented “It is clear that the Gentoo team will positively contribute to TMF Group’s PERE strategy. This integration marks another important step in our journey to expand our expertise and offering in the alternative investments sector.”
TMF Group funded the acquisition from existing cash resources; financial terms of the transaction have not been disclosed.
