Vistra FM acquires Luxembourg UCITS and alternative investment funds company

Vistra Fund Management, the Luxembourg-based third-party alternative investment fund manager of Vistra Group, has acquired Kroll (Luxembourg) Management Company, a management company holding  UCITS and Alternative Investment Fund (AIF) licenses.

The transaction is subject to regulatory approvals.

Vistra's acquisition of the Kroll ManCo aligns with its strategic vision to enhance its end-to-end service proposition for private capital asset managers and allocators.

With a focus on private equity, real estate, infrastructure, and loan origination, Vistra's multi-jurisdictional clients will benefit from their expanded services in supporting the loan secondaries market through its AIFM/UCITS license.

The combined business will be "a leading player in the Luxembourg market and boast the most extensive geographic and service coverage through its global network, recently expanded from Vistra's merger with Tricor in July 2023 to over 9,000 professionals in 50+ jurisdictions and offering unrivalled quality, scale, and breadth of capabilities", the statement continued.

"We are thrilled to welcome Kroll ManCo to the Vistra family and recognise this is a great opportunity for both our clients and colleagues. We are confident that our capacity to manage more asset classes in combining alternative and UCITS strategies, and expanded market presence will drive our clients' strategic growth aspirations and create exciting opportunities for our colleagues," said Jan Vanhoutte, managing director & conducting officer, VFM.

"Bringing together our two teams allows us to enhance our service offerings with cross selling central administration and depositary capabilities and better serve our clients' evolving needs. I would like to thank Vistra for their support thus far, and we are grateful for the collaboration and mutual respect we hold for one another," said Anil Singh, Managing Director, Kroll.

Jan Vanhoutte will lead VFM's expanded business as managing director. Anil Singh will continue with the business in a leadership role and oversee Kroll ManCo's integration into the Vistra team.

Kroll ManCo will be rebranded to Vistra at a later date.