Windsor-based SS&C Technologies Holdings has completed its $321 million acquisition of Citi’s Alternative Investor Services Business.
SS&C, a global financial services software provider, said the acquisition of Citi’s Alternative Investor Services Business creates the industry’s second largest hedge fund and private equity fund administrator.
Through the acquisition SS&C will add more than 1,400 staff across 13 offices, 265 customers, and approximately $395 billion in assets under administration.
The acquired Alternative Investor Services Business group will operate as a business unit within SS&C GlobeOp and continue to be led by its current leaders, Mike Sleightholme on hedge fund services and Joe Patellaro on private equity services, reporting to Rahul Kanwar, head of SS&C Alternative Assets.
