North Street Group, a capital markets and investment banking firm, has acquired Hedge Fund Solutions, a New York based alternative asset service provider.
North Street Group also changed the name and branding of Hedge Fund Solutions to North Street Global Fund Services.
Terms of the agreement were not disclosed.
Hedge Fund Solutions offers fund administration for both emerging and established alternative asset managers.
"The strategic acquisition of Hedge Fund Solutions allows North Street to enter the alternative asset management space and expand its service offerings," said Alex Mascioli, managing partner of North Street Group.