Suntera Global, a provider of bespoke fund, corporate, and private wealth services, has agreed to acquire Khepri, a fund administration and corporate services provider.  

Financial terms of the transaction were not disclosed.  

The agreement aligns with Suntera’s pursuit of expansion, aimed at providing institutional clients with support across a diverse and growing array of alternative asset classes and regions. 

Khepri is based in London and employs over 35 fund servicing specialists.  

It is licensed in the UK by the FCA and HMRC and offers a range of fund administration services, such as investor onboarding, hosted fund management, regulatory reporting, and compliance consulting.  

Khepri manages £6bn ($6.77bn) in assets under management (AUM) for clients, primarily working with managers in the UK across venture capital, private equity, and real estate. 

The acquisition of Khepri is expected to be completed in the second half of the year, contingent on the receipt of regulatory approval.  

It aligns with Suntera’s strategy to provide a “full-service” fund administration offering in the UK and strengthens its existing portfolio for global asset managers.  

This move complements Suntera’s international network across nine tier-one offshore and onshore jurisdictions. 

Suntera CEO David Hudson said: “We remain focused on expanding our international footprint, through both organic and inorganic growth, with an emphasis on asserting our specialised capabilities and a diversified proposition across geographies and service lines.  

“This addition of Khepri, a high-quality growth business with an impressive team and a strong track record, is a reflection of that, adding a vital capability for Suntera in the UK, strengthening our ability to support alternative asset managers and complementing our existing global fund administration proposition.”  

Khepri managing partner Will Roxburgh added: “This is a further exciting milestone in Khepri’s journey and helps us execute our own ambitious growth strategy. By joining Suntera we have been enabled to leapfrog some of our own objectives in ensuring that we can continue to support our existing clients whilst being able to offer a wide range of additional services across multiple jurisdictions.  

“Suntera have proven to be a perfect fit for our team, clients and overall culture. Our objectives have been aligned from day one and as we enter this next phase of growth, we are greatly looking forward to working with David and the wider Suntera team.” 

Suntera’s acquisition of Khepri follows an agreement with Valeas Capital Partners, under which Valeas will acquire a majority stake in Suntera.  

Valeas will provide equity capital to support Suntera’s global expansion.  

Additionally, Suntera secured a financing package from Carlyle to refinance its existing debt and support organic growth and strategic acquisitions.