SINGAPORE, May 10, 2024 /PRNewswire/ -- Linnovate Partners
("Linnovate"), a leader in asset servicing and fintech for the
alternative investment industry, is pleased to announce the
successful closure of USD 40 million
funding commitment by SeaTown Private Capital Master Fund. SeaTown
Private Capital Master Fund is managed by SeaTown Holdings
International Pte. Ltd. ("SeaTown"), a leading Asia-focused alternative investments firm that
is owned by Seviora, Temasek's asset management group. This capital
infusion marks a pivotal moment in Linnovate's journey, enabling
the firm to scale operations, drive innovation, and further
solidify its position as a market leader.
As Linnovate continues to experience rapid growth and increasing
demand for its tech-enabled services, the infusion of funds will
play a vital role in meeting client requirements and advancing
market innovation. The investment will enable Linnovate to allocate
additional resources strategically, ensuring the company remains at
the forefront of technology advancements and maintains its
commitment to delivering exceptional solutions to clients
worldwide.
Henry Lin, founder and CEO of
Linnovate Partners, expressed enthusiasm about the opportunities
this investment opens "We are thrilled to have SeaTown as our
strategic partner and investor. This investment will be
instrumental in accelerating our growth trajectory, providing us
with the necessary resources to enhance our service offering, and
continue delivering cutting-edge solutions to our clients and the
industry itself."
Dickson Loo, Managing Director of
SeaTown, commented, "Linnovate has established itself to be an
industry-leading player with their highly differentiated culture of
customer centricity and strong technology focus. We are excited to
be part of the next phase of Linnovate's growth story, as we
leverage our network, resources and expertise to help the company
scale to greater heights".
Linnovate has built a strong reputation for its innovative
approach to solving manual mid-to-back-office tasks involved in
fund administration through tech-enabled services. The company's
commitment to pushing the boundaries of technological advancement
has earned it the trust of numerous high-profile private equity and
venture capital firm clients and established it as a sought-after
partner in the industry.
About Linnovate Partners
Linnovate Partners is a
leading asset services provider focused on driving innovation in
the alternative investments industry. With expertise across the
entire fund lifecycle, Linnovate Partners goes beyond traditional
fund administration to provide value-added services and
technologies that empower asset and fund managers to excel in their
operations. Its six core service areas include Fund Administration,
Investor Relations, Regulatory Compliance, Portfolio Monitoring,
Reporting Services and Technology Consulting Services.
Powering these services is a proprietary, cloud-based platform,
RAISE, that provides all the functions of alternative investing in
a single ecosystem and enables seamless integration and
accessibility.
With offices globally, Linnovate Partners currently administers
over $130 billion in assets across
more than 600 private equity and venture capital funds. As an
innovation-focused disruptor, Linnovate Partners combines deep
industry expertise and the latest technologies to drive better
outcomes for alternative investment managers and investors
worldwide.
About SeaTown:
Founded and headquartered in
Singapore since 2009, SeaTown is a
leading Asia-focused alternative
investments firm with deep expertise across private and public
markets.
Owned by Seviora, Temasek's asset management group, SeaTown is a
trusted steward of capital, investing alongside its investors in
conviction-driven strategies. Its alternative investment fund
platform offers international investors exposure to highly
specialised private equity, private credit, and thematic absolute
return opportunities in the region.
As a partner, SeaTown strives to deliver compelling
risk-adjusted returns by leveraging its extensive relationship
network, decades of investing experience and astute global
perspectives.
For additional information, inquiries, or interview schedule,
please contact:
Linnovate Partners:
Andrea Balboa
communications@linnovatepartners.com
SeaTown:
Kayla Wah
corpcomms@seatownholdings.com
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