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. 

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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. 

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