Solactive secures €50m to support its international expansion

Solactive, a technology-powered supplier of indices and index solutions, has scored €50m as it looks to further its international expansion.

Global growth equity firm Summit Partners supplied the capital through a minority investment.

Capital will be used to support the company’s global growth, expansion of its product offering, deepening its technology and growing its infrastructure team.

Solactive delivers tailor-made index solutions for ETFs and other index-linked investments across equity, fixed income and multi-asset class strategies.

The platform is used by over 400 international clients, including investment banks, ETF providers, hedge funds, asset owners and asset managers.

Summit Partners principal Johannes Grefe said, “The indexing market continues to be highly dynamic with the ongoing active-to-passive shift and the diversification of passive investment strategies, which we believe is driving significant growth for index-linked investment products.

“Steffen and the Solactive team have recognized and responded to this trend with a highly automated and customer-centric approach based on a robust technology platform. With a strong combination of vision, product and client reach, we believe Solactive is well positioned to continue its innovative disruption of the indexing market.”

Grefe will join the Solactive supervisory board as part of the deal.

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