CPP Investments Makes Minority Investment in Universal Investment Group
Posted on 09/08/2022
Private equity firm Montagu agreed to make a further investment in Universal Investment Group (Universal Investment). Canada Pension Plan Investment Board (CPP Investments) is making an investment in Universal Investment Group and plans to buy a stake in the company via CPP Investment Board Europe Sarl. The strategic partnership of Montagu and CPP Investments is set to accelerate Universal Investment’s growth trajectory and support its ambition of becoming a global fund services player. The transaction is subject to regulatory approvals.
Universal Investment is a third-party management company (ManCo) and fund administration service provider serving both institutional investors and asset managers, active across the three largest European fund markets: Germany, Ireland, and Luxembourg.
Montagu made its initial investment in Universal Investment in 2017.
Universal Investment Group has around €763 billion in assets under administration.
