The partners say the deal will help BI-SAM to expand its operations and staffing in North America and Asia.
Paris-based asset management solutions provider BI-SAM has announced that Aquiline Capital Partners, a private equity firm specializing in financial services based in New York, has taken a majority stake in the vendor, whose offerings include its comprehensive B-One platform for managers as well as a range of separate performance, attribution, and risk offerings.
The acquisition will help BI-SAM, founded in 2000, increase the size of its workforce over the course of three years, particularly in the North American and Asia-Pacific asset management markets, where it plans to focus future growth.
Aquiline has previously invested in Stamford, Conn.-based institutional broker-dealer CRT, and has shown recent interest in exchange-traded fund (ETF) managers, as well.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails