Hoping to expand its Luxembourg offer in the alternative assets space, Jersey-based fund services provider Ocorian has acquired Allegro S.à r.l, a Luxembourg-based third-party management company and fund administrator.
According to the press release by Ocorian, Allegro “is fully licenced to provide ManCo and fund administration services to AIF, RAIF, non-AIF and UCITS funds”. It is said to have assets worth 8.7 billion euro under its management “primarily in underlying investment strategies with a PE/RE focus”.
Judging by the LinkedIn page and web site team picture of Allegro, the company sports 10–15 employees.
Ocorian emphasises the value of Allegro’s multiple licenses, not least in alternative assets. “Together Ocorian and Allegro can offer a one-stop-shop for fund groups so they can maximise the benefit of centralising their administration to create economies of scale,” it writes.
Ocorian is a broad fund services actor, present in a large number of fund-centre jurisdictions across the world. The firm’s LinkedIn page puts it in the span of 1001–5000 employees, of whom some 970 are connected by their own LinkedIn profiles.
Handshake 2020. (Image by Niek Verlaan / Pixabay)