Goji acquired by Euroclear
Alternative investment platform technology provider Goji has been acquired by Brussels-based financial services company Euroclear.
The deal – which is subject to regulatory approvals – will create a digital platform which enables end-to-end access to private markets.
Euroclear estimated that global private market assets will be worth $14.4trn (£11.66trn) by 2025. By using the existing Euroclear infrastructure alongside Goji’s technology, the company believes that it can expand its footprint in the private market sector and create “a compelling offering” for investors, asset managers and fund service providers.
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“We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs,” said David Genn, chief executive of Goji.
“The ever-increasing demand from all investor groups to access private funds points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the funds industry with Goji’s technology and experience means we can deliver a solution together that will serve and transform the private markets industry.”
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Lieve Mostrey, chief executive of Euroclear, added that the partnership with Goji “supports our ambition to enter the private markets space.”
“We see a strong demand from the market for more scalable and digitalised solutions and given the opportunities, it makes perfect sense to add this capability to our portfolio of services,” Mostrey added.
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