StarCompliance nets significant growth investment from Marlin Equity Partners

Employee compliance and RegTech solution developer StarCompliance has received a “significant” growth investment from Marlin Equity Partners.

The capital injection will enable the company to further expand its leadership position within the global compliance market. This includes the acceleration of its product development and supporting its international expansion.

Luminate Capital Partners, which has been StarCompliance’s majority shareholder since 2017, will continue to hold a minority stake,

StarCompliance has a client base of more than 500,000 users across 83 countries, including asset managers, investment banks, hedge funds, private equity firms, insurance companies, professional services firms, and public corporations.

Its offers a customisable, 360-degree view of employee activity and enables firms to automate the detection and resolution of potential areas of conflict whilst boosting daily workflow efficiency.

Its tools can be used to help firms handle insider trading and conflict of interest.

Star CEO Jennifer Sun said, “We are incredibly proud of our tremendous growth and world-class list of clients with whom we collaborate to automate and streamline compliance oversight.

“This investment accelerates our vision of serving as the preeminent leader in the employee compliance and conflicts of interest market and better positions us to help our clients navigate evolving regulation and intelligently manage risk across the employee lifecycle – from onboarding to supporting fast-moving day-to-day operations. We look forward to partnering with Marlin and Luminate for our next phase of growth.”

Evercore acted as the financial advisor to StarCompliance and Luminate Capital, while Kirkland & Ellis served as legal advisor.

Marlin managing director Michael Anderson said, “Regulatory requirements continue to become increasingly complex with escalating penalties for non-compliance. Star is uniquely addressing this global challenge with its industry-leading technology platform.

“We are excited to partner with Star and continue to expand the company’s market leadership by building upon its best-in-class product suite through further product investments and strategic acquisitions.”

Last year, Marlin Equity Partners acquired a majority stake in anti-money laundering (AML) software provider SmartSearch.

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