Fundinfo, a third-party provider of fund documents for asset managers and distributors, says it will push into other fund domiciles following a private equity injection.
The Zurich-based firm founded in 2005 has gained finance from HgCapital. The sum and terms were not disclosed.
Dissemination of fund documents is seen as increasingly complex and costly, owing partly to regulations and transparency.
Fundinfo is already in 15 markets in Europe and Asia, providing fund data and documents for 500 asset managers to about 100 distributors.
The firm – which does not have offices currently in Luxembourg or Ireland – says the investment will continue to allow it to expand into new jurisdictions.
Recently, the firm began producing data for funds available to investors in Portugal and Ireland.
It also has a partnership with ifund services, which is creating a robo-adviser.
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