TMF Group expands fund services offering with Channel Islands acquisition

TMF Group, a provider of global business services, has completed the acquisition of State Street’s private equity and real estate fund administration business in the Channel Islands. The acquisition is a key milestone in TMF Group’s drive to further grow its fund services business and means it now has over USD125 billion in client assets under administration within fund services, making it one of the leading fund administrators in Europe. TMF Group’s ‘one-stop-shop’ of fund services, including fund administration and depositary services, is supported by experts in over 80 jurisdictions worldwide. In Jersey, the acquisition of State Street’s private equity and real estate business adds fund administration to its existing corporate and trust services, whilst in Guernsey, it complements the recent acquisition of Gentoo, a leading fund administration business.