Waystone, a provider of institutional governance, risk and compliance services to the asset management industry, has secured a significant investment from Montagu Private Equity.

The investment represents a significant opportunity for Waystone to build upon its current expansion plans and continue to invest in offering its clients an extensive set of global solutions. The investment, which is subject to regulatory approval, will see Montagu take a strategic stake in the business and support the next phase of Waystone’s growth.

The investment will also conclude Waystone’s successful partnership with MML Capital Partners (MML) following their investment in 2019. With MML’s support, Waystone has grown organically and through corporate transactions to become the leading institutional global governance, compliance and third-party management company.

Formed from the merger between MontLake, MDO and DMS, Waystone launched in March 2021 to create the first truly institutional global governance and third-party management company with a unique portfolio of services and talent. Following the investment by Montagu, Waystone’s leadership team will remain unchanged and all existing management shareholders will remain in place.

Read more/Source: Hedgeweek