Linnovate Partners, an asset servicing pioneer and a leader in FinTech for the alternative investment sector, has announced a significant funding boost.
The company confirmed a $40m funding commitment led by SeaTown Private Capital Master Fund, a prominent Asia-focused alternative investments firm managed by SeaTown Holdings International, part of Seviora, Temasek’s asset management arm.
This funding marks a critical juncture in Linnovate’s growth strategy, aiming to expand operations, enhance innovative efforts, and reinforce its market leadership position.
Henry Lin, founder and CEO of Linnovate Partners, said, “We are thrilled to have SeaTown as our strategic partner and investor. This investment will be instrumental in accelerating our growth trajectory, providing us with the necessary resources to enhance our service offering, and continue delivering cutting-edge solutions to our clients and the industry itself.”
Dickson Loo, Managing Director of SeaTown, said, “Linnovate has established itself to be an industry-leading player with their highly differentiated culture of customer centricity and strong technology focus. We are excited to be part of the next phase of Linnovate’s growth story, as we leverage our network, resources and expertise to help the company scale to greater heights.”
Linnovate has built a strong reputation for its innovative approach to solving manual mid-to-back-office tasks involved in fund administration through tech-enabled services. The company’s commitment to pushing the boundaries of technological advancement has earned it the trust of numerous high-profile private equity and venture capital firm clients and established it as a sought-after partner in the industry.
Linnovate Partners is a leading asset services provider focused on driving innovation in the alternative investments industry. With expertise across the entire fund lifecycle, Linnovate Partners goes beyond traditional fund administration to provide value-added services and technologies that empower asset and fund managers to excel in their operations. Its six core service areas include Fund Administration, Investor Relations, Regulatory Compliance, Portfolio Monitoring, Reporting Services and Technology Consulting Services.
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