Aztec Group, an international fund and corporate services provider, has secured Warburg Pincus as a strategic partner. This arrangement includes Warburg Pincus taking a minority shareholding and becoming a significant client. The move aims to bolster Aztec’s expansion into the high-growth U.S. market and to enhance its global operations. Warburg Pincus, with $83 billion in assets under management, will leverage Aztec for fund administration services across its global footprint. This partnership is expected to accelerate Aztec’s growth in the U.S., where private fund AUM is projected to rise significantly. Founded in Jersey in 2001, Aztec has a notable presence in Europe and is led by CEO Kathryn Purves. Warburg Pincus has a history of investments in the financial services sector and brings substantial expertise to this collaboration. Advisory services for this partnership were provided by several firms, including Evercore and Latham & Watkins for Aztec, and Kirkland & Ellis and Oliver Wyman for Warburg Pincus.
Financial Services, Private Equity, Fund Administration,United States, Europe