Alchelyst and Lyra Client Solutions are merging to create an innovative private markets servicing platform aimed at enhancing investor experiences across institutional and wealth management sectors.

Target Company Overview

Alchelyst, a prominent full-service fund administrator specializing in alternative asset management, has announced a merger with Lyra Client Solutions, a technology-driven client servicing organization that originated from Apollo (NYSE: APO). This merger aims to establish an advanced private markets servicing platform dedicated to enhancing the investor experience across institutional and wealth management channels. The transaction is anticipated to close in the fourth quarter of 2025, pending the usual regulatory approvals.

Founded in 2023 by industry veterans Joan Kehoe, Brian Fitzgerald, and Ian Lynch, Alchelyst is known for redefining fund administration standards with its innovative technology and robust service offerings. The firm operates in key financial hubs including Dublin, India, Luxembourg, and the United States, thereby positioning itself strategically within the global market.

Industry Overview

The private markets industry is experiencing substantial growth, driven by an increasing demand for alternative investments from institutional and wealth channels. Investors are now expecting a higher standard of operational