GIC has entered into a long-term strategic partnership with Citco by acquiring a minority shareholding, reinforcing their commitment to enhancing value in the asset servicing sector.

Information on the Target

The Citco group of companies, commonly referred to as Citco, operates as a comprehensive network of independent firms worldwide. Renowned as a leading provider of asset servicing solutions, Citco primarily supports the global alternative investment sector. With an impressive portfolio of over $2 trillion in assets under administration and a presence across 36 countries, Citco has established itself as a trusted partner, built on a foundation of innovation and client-centric services. The company has experienced significant organic growth, cementing its position as a prominent player in the asset servicing industry over the past four decades.

Citco's services encompass a broad spectrum of middle and back-office solutions, including treasury and loan servicing, daily net asset value (NAV) calculations, investor services, corporate and legal services, as well as regulatory and risk reporting. Their commitment to investing in technology and innovation allows Citco to continuously enhance its service offerings, thereby reinforcing its status as a vital backbone for clients seeking robust growth strategies.

Industry Overview in the Target’s Specific Country

In the context of the global asset servicing industry, the alternative investment sector continues to experience robust growth, particularly in regions like Europe and North America, where demand for sophisticated investment solutions is on the rise. As institutional investors increasingly seek diversifying str