Trustmoore Acquires AssetCare to Boost Fundtech Services

Trustmoore, an international fund and corporate services provider backed by IK Partners, has acquired AssetCare, a fundtech platform focused on fund and investor administration. The acquisition aims to bolster Trustmoore’s Fund Services offering by integrating AssetCare’s modern, scalable technology platform and operational team. AssetCare will maintain its brand identity, with two of its co-founders remaining on the board to ensure leadership continuity.

Founded in 2006 and headquartered in Amsterdam, AssetCare has developed a strong reputation in the fund services industry. The company’s team of 34 experts supports more than 150 funds across both liquid and illiquid strategies. AssetCare’s proprietary platform combines advanced technology with deep domain expertise, incorporating smart data flows and applied artificial intelligence (AI) to streamline fund administration workflows.

By integrating AssetCare’s platform, Trustmoore enhances its ability to deliver efficient, transparent, and scalable fund services across multiple jurisdictions. This complements Trustmoore’s existing capabilities in closed-ended funds, special purpose vehicles (SPVs), and Luxembourg-based third-party Alternative Investment Fund Manager (AIFM) and management company services. Together, these offerings provide comprehensive support for fund managers throughout the full lifecycle of their fund structures.

Trustmoore’s acquisition aligns with its long-term strategy to build a more integrated and technology-driven services platform. The company aims to meet growing client demands amid increasing structural complexity, regulatory requirements, and cross-border activities. A Trustmoore spokesperson said, “The acquisition of AssetCare is a meaningful step in our growth journey and a strong strategic fit for our clients and people. By combining our strengths, we accelerate innovation and deliver smarter, more scalable solutions for the funds we serve.”

AssetCare’s co-founder added, “After nearly two decades of building AssetCare, joining Trustmoore provides long-term backing and greater capacity for growth. This transaction accelerates our ambition to become the leading fundtech platform globally, enabling faster delivery of new client functionalities and expansion into new jurisdictions.”

The acquisition is expected to generate synergies by cross-selling enhanced fund services to Trustmoore’s existing clients and attracting new clients seeking integrated fundtech-enabled solutions. Operational efficiencies will arise from automation, streamlined compliance frameworks, and reduced duplication of technology infrastructure. The combined platform’s AI-driven data flows will improve service efficiency and client transparency.

Industry experts note that this deal strengthens Trustmoore’s competitive position in fund and investor administration, potentially prompting competitors to accelerate their own technology investments and acquisitions. However, integration challenges remain, including aligning technology platforms, retaining key personnel, and managing regulatory compliance across jurisdictions.

Financial terms of the acquisition were not disclosed. Trustmoore plans to maintain AssetCare’s brand and leadership while integrating operational capabilities. The companies expect the deal to enhance their ability to support fund managers with end-to-end lifecycle services and scalable technology solutions.

Looking ahead, Trustmoore aims to leverage this acquisition to expand its geographic footprint and service offerings, reinforcing its position as a leading fund services provider in a rapidly evolving market.