Suntera Global, the C.I.-based administrator, has acquired U.S. business Socium Funds Services. The acquisition of Socium, which requires no regulatory approval and completes with immediate effect, will strengthen Suntera Global’s offering for fund managers and provide the group with a U.S. operation for the first time, adding three North American locations to its international footprint. Socium is a specialist provider of fund administration services to private equity, private credit, venture capital and real estate fund managers.
