Euroclear is set to acquire Goji, a London-based provider of digital access and tech-enabled solutions to private markets.
Private market assets are currently valued at $9.8trn and are expected to grow to $14.4trn by 2025. This increasing demand is driving innovation and a need for increased efficiencies in the space.
According to Euroclear, the combination of its open infrastructure and Goji innovative technology will provide a digital platform enabling end-to-end access to the private fund market. This will create a compelling offering for all market participants, including investors, asset managers and fund service providers.
This investment will allow Euroclear to expand its footprint into private markets, building upon its recent successful acquisition of the MFEX funds distribution platform. Euroclear is now able to provide a true one stop shop offering to clients across a spectrum of products including mutual and alternative funds, ETFs and private funds.
Goji CEO David Genn said, ?We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds points to the need for an end-to-end digital processing solution for these asset classes.
?The combination of Euroclear position in the funds industry with Goji technology and experience means we can deliver a solution together that will serve and transform the private markets industry.p>
Euroclear CEO Lieve Mostrey added, ?Our partnership with Goji supports our ambition to enter the private markets space. We see a strong demand from the market for more scalable and digitalised solutions and given the opportunities, it makes perfect sense to add this capability to our portfolio of services. One year after the MFEX acquisition, this new investment fully supports our global funds strategy to be a leading platform across all fund asset classes.p>
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