Investments

FNZ raises US$1.4bn in new capital from CPP Investments and Motive Companions to speed up transformation within the international wealth {industry}

– CPP Investments and Motive Companions commit US$1.4 billion in new capital in one of many largest ever main capital raises within the wealth administration sector

– Transaction values FNZ at over US$20 billion

– The mix of Motive’s sector experience with CPP Investments’ long-term capital gives the foundations for the following section of FNZ’s progress

– FNZ now administers over US$1.5 trillion on its platform for over 20 million clients worldwide

– FNZ accelerates its mission to open-up wealth, empowering all individuals to create wealth by means of private funding, aligned with issues they care about essentially the most, on their very own phrases

TORONTO, NEW YORK and LONDON, Feb. 11, 2022 /CNW/ — FNZ, the worldwide wealth administration platform, right now pronounces that it has secured US$1.4 billion in new fairness funding from Canada Pension Plan Funding Board (“CPP Investments”) and Motive Companions (“Motive”), in one of many largest ever main fairness raises within the wealth administration sector. The fundraising values FNZ at over US$20 billion because it continues its report of innovation and geographical enlargement.

FNZ companions with the complete {industry} to make wealth administration and monetary recommendation accessible to extra individuals. As we speak, FNZ works with over 650 monetary establishments to empower over 20 million individuals from all wealth segments, together with financial savings and retirement, prosperous and high-net price, to create wealth by means of long-term funding, aligned with issues they care about essentially the most, and on their very own phrases.

FNZ combines know-how, infrastructure and funding operations in a single state-of-the-art platform that frees its institutional clients to create hyper-personalized and revolutionary services and products which are seamlessly aligned with the wants of their purchasers.

This funding displays each CPP Investments’ and Motive’s confidence in FNZ’s enterprise mannequin and future progress prospects each geographically and thru market consolidation. The capital increase will assist FNZ additional speed up its progress by means of elevated R&D, in addition to driving progress in markets that FNZ have not too long ago entered, particularly North America. CPP Investments is investing a complete of US$1.1 billion.

Since its basis in 2003 in New Zealand, FNZ has demonstrated exponential progress. Within the final 5 years, it has grown property below administration over seven-fold from US$212 billion to over US$1.5 trillion. The corporate now companions with over 650 giant monetary establishments and over 8,000 wealth administration companies in 21 nations together with abrdn, Allianz, Aviva, Barclays, BNP Paribas Cardif, BNZ, Colonial First State, Generali, Jarden, Lloyds, Momentum, NAB, Quilter, Swedbank, UOB and Vanguard. This progress is ready to proceed as FNZ accelerates its market penetration, focusing on a larger share of the c.US$100 trillion international wealth market.

The corporate has constantly attracted sturdy funding curiosity and CPP Investments and Motive Companions characterize the fifth and sixth exterior shareholders in FNZ. In 2018, CDPQ and Era Funding Administration acquired a majority stake within the firm, in a partnership constructed round long-term and sustainable funding. They had been joined in 2021 by Temasek, enhancing FNZ’s attain into Asian markets. All buyers stay long-term and dedicated shareholders, alongside greater than 800 employee-shareholders. No buyers can be promoting any secondary shares within the transaction.

Lazard & Co. Restricted acted as unique monetary adviser, and Allen & Overy LLP acted as lead authorized adviser, to FNZ in relation to the fairness capital increase.

Commenting on right now’s transaction, Adrian Durham, Founder & Group CEO of FNZ, stated: “As we speak’s announcement represents a convincing endorsement of FNZ’s observe report and future technique. The corporate has efficiently demonstrated exponential progress within the scale and depth of buyer relationships and geographic enlargement with platform revenues greater than quadrupling prior to now three years to over US$1billion each year, while additionally growing profitably and sustainably.

“Our progress trajectory exhibits no indicators of slowing down, and we’re delighted to welcome CPP Investments and Motive Companions to FNZ and look ahead to working with them as we additional put money into and improve our core platform, delivering substantial incremental advantages to our clients and their purchasers.”

Hafiz Lalani, Managing Director, Head of Europe, Direct Non-public Fairness at CPP Investments, stated: “FNZ affords a singular, end-to-end worth proposition which allows the world’s main wealth managers to offer personalised, clear and accessible options to boost customers’ long-term financial savings whereas decreasing value and complexity. FNZ has seen appreciable success and we’re excited to assist FNZ and its management in persevering with to ship on their imaginative and prescient to develop FNZ’s international footprint, whereas on the identical time delivering enticing risk-adjusted returns for CPP contributors and beneficiaries.

“Partnered with Motive, we consider we carry a singular mixture of long-term capital and specialised experience within the wealth administration sector. We look ahead to being a strategic and value-added companion to FNZ and to becoming a member of the enterprise’ present buyers.”

Rob Heyvaert, Founder & Managing Associate at Motive Companions, who will be a part of the FNZ Group board as a Non-Govt Director on completion, stated: “We couldn’t be extra enthusiastic about our collective alternative to work alongside the FNZ staff. Since FNZ’s inception, its progress trajectory has been extraordinary, and as we mix our energy of experience, data and entry to the worldwide monetary providers ecosystem, now we have the chance to ship an distinctive value-proposition to wealth and asset administration clients everywhere in the world to satisfy rising demand.”

About FNZ

FNZ is the worldwide platform supplier within the wealth administration sector, partnering with over 650 of the world’s main monetary establishments and over 8,000 wealth administration companies. With over 4,000 workers in 21 nations, FNZ’s mission is to open-up wealth, empowering all individuals to create wealth by means of private funding, aligned with issues they care about essentially the most, on their very own phrases.

FNZ combines know-how, infrastructure and funding operations in a single state-of-the-art platform that frees its institutional clients to create hyper-personalized and revolutionary services and products, which are seamlessly aligned with the wants of their purchasers. Thus far, FNZ has enabled over 20 million individuals, from all wealth segments, to put money into an efficient, easy and clear manner, making wealth administration accessible to everybody.

About CPP Investments

Canada Pension Plan Funding Board (CPP InvestmentsTM) is knowledgeable funding administration group that manages the fund in the perfect curiosity of the greater than 20 million contributors and beneficiaries of the Canada Pension Plan. With the intention to construct diversified portfolios of property, investments are made world wide in public equities, non-public equities, actual property, infrastructure and stuck earnings. Headquartered in Toronto, with places of work in Hong Kong, London, Luxembourg, Mumbai, New York Metropolis, San Francisco, São Paulo and Sydney, CPP Investments is ruled and managed independently of the Canada Pension Plan and at arm’s size from governments. At December 31, 2021, the Fund totalled C$550.4 billion. For extra data, please go to www.cppinvestments.com or observe us on LinkedIn, Fb or Twitter.

CPP Investments contact particulars:

Steve McCool
Managing Director, Company Communications
smccool@cppib.com
Tel: +44 203 947 3002

About Motive Companions

Motive Companions is a specialist non-public fairness agency with places of work in New York Metropolis and London, specializing in progress fairness and buyout investments in software program and knowledge providers firms based mostly in North America and Europe and serving 5 main subsectors: Banking & Funds, Capital Markets, Knowledge & Analytics, Wealth & Funding Administration and Insurance coverage. Motive Companions brings differentiated experience, connectivity, and capabilities to create long-term worth in monetary know-how firms.

Extra data on Motive Companions might be discovered at www.motivepartners.com

Motive Companions contact particulars:
Sam Tidswell-Norrish
Principal, Investor Relations
sam@motivepartners.com
Tel: +44 7855 910 178

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SOURCE FNZ

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