FNZ, the global wealth management platform, has secured USD1.4 billion in new equity funding from Canada Pension Plan Investment Board (CPP Investments) and Motive Partners (Motive), in one of the largest ever primary equity raises in the wealth management sector.
The fundraising values FNZ at over USD20 billion as it continues its record of innovation and geographical expansion.
This investment reflects both CPP Investments’ and Motive’s confidence in FNZ’s business model and future growth prospects both geographically and through market consolidation. The capital raise will help FNZ further accelerate its growth through increased R&D, as well as driving growth in markets that FNZ have recently entered, in particular North America. CPP Investments is investing a total of US$1.1 billion.
Read more: Private Equity Wire
