Linnovate Partners, an innovative leader in asset servicing and FinTech for the alternative investment sector, has successfully closed a $40m investment commitment from SeaTown Private Capital Master Fund.
SeaTown, managed by SeaTown Holdings International Pte. Ltd., stands out in the Asian market as a prominent alternative investments firm under Seviora, Temasek’s asset management group. This financial boost is set to propel Linnovate Partners further into its growth trajectory.
The $40m investment by SeaTown will significantly bolster Linnovate Partners’ operational capabilities and drive technological innovation. Amid rapid growth and increasing demand for its tech-enabled services, the funding will enable Linnovate to meet evolving client needs and maintain its industry leadership by advancing its technology frontiers.
Linnovate Partners is renowned for its role in transforming manual mid-to-back-office operations in fund administration through advanced technological solutions. The firm’s dedication to innovation is evident in its robust service offerings, which include Fund Administration, Investor Relations, Regulatory Compliance, Portfolio Monitoring, Reporting Services, and Technology Consulting Services. Their proprietary, cloud-based platform, RAISE, integrates these services into a single ecosystem, enhancing functionality and user experience for clients globally.
Henry Lin, founder and CEO of Linnovate Partners, expressed his excitement about the partnership with SeaTown, “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, also commented on the collaboration, “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”.
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