TMF Group set to acquire Irish fund business GFM 06 April 2023Ireland Reporter: Frances Jones
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TMF Group is to acquire Goodbody Fund Management (GFM), as part of a wider effort to expand its business in the Irish market.
GFM, part of the Irish financial services firm Goodbody Stockbrokers UC, is a regulated alternative investment fund (AIF) and UCITS management company..
Since 2013, GFM and its property investment management teams have provided tailored fund solutions to AIFs and UCITS. It also offers property investment management services.
As a result of the acquisition, TMF Group will administer more than US$225 billion worth of assets on behalf of its global fund manager client base.
Commenting on the acquisition, Frank Welman, EMEA group head at TMF says: “GFM is a well-established management company, regulated in Ireland and licensed to operate various alternative asset classes — as well as liquid funds which will enable TMF Group to become a one-stop shop for our fund clients.
“GFM’s experience in offering top-level alternative investment services, spanning from real estate to retail funds, represents a huge step forward for our fast-growing global fund services operation.”
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