Linnovate Partners, a Singaporean firm involved in asset servicing and fintech for the alternative investment industry, has announced the successful closure of $40 million funding commitment by SeaTown Private Capital Master Fund.
Linnovate Partners SeaTown said in a statement on Friday this capital infusion marks a pivotal moment in the firm’s journey, enabling the firm to scale operations, drive innovation, and further solidify its position as a market leader.
As Linnovate continues to experience rapid growth and increasing demand for its tech-enabled services, it said the infusion of funds will play a vital role in meeting client requirements and advancing market innovation.
The investment will enable the firm to allocate additional resources strategically, ensuring the company remains at the forefront of technology advancements and maintains its commitment to delivering exceptional solutions to clients worldwide.
“We are thrilled to have SeaTown as our strategic partner and investor,
“This investment will be instrumental in accelerating our growth trajectory, providing us with the necessary resources to enhance our service offering, and continue delivering cutting-edge solutions to our clients and the industry itself,” said Henry Lin, Founder and Chief Executive Officer of Linnovate Partners.
Linnovate Partners is an asset services provider focused on driving innovation in the alternative investments industry.
With expertise across the entire fund lifecycle, the firm goes beyond traditional fund administration to provide value-added services and technologies that empower asset and fund managers to excel in their operations.
Its six core service areas include fund administration, investor relations, regulatory compliance, portfolio monitoring, reporting services and technology consulting services.
The firm’s proprietary, cloud-based platform, RAISE, provides all the functions of alternative investing in a single ecosystem and enables seamless integration and accessibility.
With offices globally, Linnovate Partners currently administers over $130 billion in assets across more than 600 private equity and venture capital funds.
Linnovate said it has built a strong reputation for its innovative approach to solving manual mid-to-back-office tasks involved in fund administration through tech-enabled services.
It said the company’s commitment to pushing the boundaries of technological advancement has earned it the trust of numerous high-profile private equity and venture capital firm clients and established it as a sought-after partner in the industry.
“Linnovate has established itself to be an industry-leading player with their highly differentiated culture of customer centricity and strong technology focus,
“We are excited to be part of the next phase of Linnovate’s growth story, as we leverage our network, resources and expertise to help the company scale to greater heights,” said Dickson Loo, Managing Director of SeaTown.
Private Capital Master Fund is managed by SeaTown Holdings International Pte. Ltd., an alternative investments firm that is owned by Seviora, Temasek’s asset management group.
Founded and headquartered in Singapore since 2009, SeaTown is a leading Asia-focused alternative investments firm with deep expertise across private and public markets.