5 days ago
- Business
- Wall Street Journal
Apollo and Motive Partners Set Up New Private-Markets Servicer
Asset managers Apollo Global Management and Motive Partners are backing the formation of a new private-markets services provider.
The new company, set up by combining fund administrator Alchelyst and Apollo spinout Lyra Client Solutions, will offer private-markets fund administration services for institutional investors and wealth advisers. The business is expected to help fund sponsors meet growing investor demands for swift, frictionless and transparent services.
