Euroclear has acquired private markets fintech Goji, allowing it to offer a digital, end-to-end platform for the private fund market.
Private market assets are currently calused at US$9.8 trillion, and are expected to reach $14.4 trillion by 2025. Goji grants investors digital access to private funds through investor platform technology and services, increasing efficiency for market participants.
The announcement furthers Euroclear’s expansion into private markets, following its acquisition of the MFEX funds distribution platform in 2021. The firm can now offer a ‘one-stop shop’, covering products including mutual, alternative and private funds.
Commenting on the acquisition, David Genn, CEO of Goji, says: “The ever-increasing demand from all investor groups to access private funds points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the funds industry with Goji’s technology and experience means we can deliver a solution together that will serve and transform the private markets industry.”
Lieve Mostrey, CEO of Euroclear Group, adds: “Our partnership with Goji supports our ambition to enter the private markets space. We see a strong demand from the market for more scalable and digitalised solutions and given the opportunities, it makes perfect sense to add this capability to our portfolio of services. This new investment fully supports our global funds strategy to be a leading platform across all fund asset classes.”
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