The move comes as the firm pursues a growth strategy designed to empower institutional clients with support across a range of alternative asset classes and jurisdictions. 

Headquartered in London, Khepri has a team of more than 35 fund servicing specialists, the firm said in a statement. Licensed in the UK by the Financial Conduct Authority (FCA) and HMRC, Khepri provides fund administration services to asset managers, including investor onboarding, hosted fund management, regulatory reporting, appointed representative and compliance consulting, as well as a range of corporate secretarial, bookkeeping and accounting services. 

In total, Khepri services a total of £6 billion ($8 billion) in assets under management (AuM) on behalf of clients, spanning a range of asset classes. It works with managers in the UK across venture capital, emerging private equity and real estate. 

The acquisition of Khepri supports Suntera’s strategy of creating a new fund administration offering in the UK, whilst adding strength to its existing fund administration proposition for global asset managers. It also complements its well-established international network spanning nine tier-one offshore and onshore jurisdictions. 

Suntera’s acquisition of Khepri follows its previously-announced agreement with Valeas Capital Partners, a growth-oriented equity investment firm, whereby Valeas will acquire a majority stake in Suntera. As part of the agreement, Valeas is committing new equity capital to support the expansion of Suntera’s capabilities and footprint globally. Additionally, Suntera announced earlier this year that it received a financing package from global investment firm Carlyle to refinance its existing indebtedness and provide additional capital to support Suntera through organic growth initiatives and strategic acquisitions. 

“This addition of Khepri, a high-quality growth business with an impressive team and a strong track record, is a reflection of that, adding a vital capability for Suntera in the UK, strengthening our ability to support alternative asset managers and complementing our existing global fund administration proposition,” David Hudson (pictured), CEO of Suntera, said.

“By joining Suntera we have been enabled to leapfrog some of our own objectives in ensuring that we can continue to support our existing clients whilst being able to offer a wide range of additional services across multiple jurisdictions,” Will Roxburgh, managing partner at Khepri, added.

Suntera supports its global client base from offices in the Bahamas, the Cayman Islands, Hong Kong, the Isle of Man, Jersey, Guernsey, Luxembourg, the UK and the US.