SANNE enters into an agreement to acquire STRAIT

Sanne Group plc (“Sanne”) has entered into an agreement to acquire STRAIT, a successful Dallas based fund solutions company for alternative investment firms. Founded by John Relton in 2006, STRAIT specialises in providing fund administration, financial oversight and regulatory compliance services for private equity funds, hedge funds, family offices, fund of funds, SPVs and other investment vehicles. The business is headquartered in Dallas, Texas, with more than 50 highly skilled professionals, servicing US$20 billion of assets under administration. STRAIT is a strategically important acquisition which will further expand Sanne’s US footprint into the world’s largest alternatives market. The acquisition will also help to establish a central presence in the US, adding to Sanne’s New York and San Diego offices. STRAIT’s proven management team and strong entrepreneurial culture are well aligned with Sanne’s own emphasis on service excellence. Read the full announcement here.