Ultimus Fund Solutions has agreed to acquire LeverPoint Management, a U.S.-based provider of fund administration and support services to private equity, venture capital and real estate managers. Ultimus’ private fund business will operate as Ultimus LeverPoint Private Fund Solutions and will provide administration for approximately USD90bn of private fund assets across 230 clients. In total, Ultimus will service >USD220bn AuA and >1,250 total traditional and alternative funds. Upon closing of the transaction, LeverPoint CEO David MacPhee will become the CEO of Ultimus LeverPoint Private Fund Solutions.
