Trident Trust has reinforced its global resources for alternative asset managers with the acquisition of Tricor IAG Fund Administration Group (“TIAG”), a leading specialist provider of fund administration services to Asian private equity and venture capital funds.
Formed in 2013 as a joint venture between Tricor and IAG Group, TIAG has operations in both Singapore and Hong Kong, and provides fund administration solutions to a broad range of private equity managers in Asia with total AUM of US$12 billion.
All TIAG staff will be joining Trident Trust’s existing global team of over 200 fund administration professionals.
The acquisition of TIAG will increase Trident Trust’s global funds AUA to US$62 billion, across 940 funds.