TLDR:
– Linnovate Partners, a Singaporean firm in asset servicing and fintech, secures $40 million in funding led by SeaTown Private Capital Master Fund.
– The funding will help Linnovate scale operations, drive innovation, and solidify its position as a market leader in the alternative investments industry.
Linnovate Partners has successfully raised $40 million in funding led by SeaTown Private Capital Master Fund, marking a pivotal moment for the Singaporean firm. This capital infusion will enable Linnovate to scale its operations, drive innovation, and further solidify its position as a market leader in the alternative investment industry. As the firm continues to experience rapid growth and increasing demand for its tech-enabled services, the funding will play a vital role in meeting client requirements and advancing market innovation.
Founded in 2009, SeaTown Holdings International Pte. Ltd. manages the Private Capital Master Fund and is owned by Seviora, Temasek’s asset management group. SeaTown is a leading Asia-focused alternative investments firm with deep expertise across private and public markets. With SeaTown as a strategic partner and investor, Linnovate Partners aims to accelerate its growth trajectory, enhance its service offering, and continue delivering cutting-edge solutions to clients and the industry. With offices globally, Linnovate Partners administers over $130 billion in assets across more than 600 private equity and venture capital funds. The firm’s proprietary cloud-based platform, RAISE, provides all the functions of alternative investing in a single ecosystem and enables seamless integration and accessibility.
Linnovate Partners has built a strong reputation for its innovative approach to solving manual mid-to-back-office tasks involved in fund administration through tech-enabled services. Its commitment to pushing the boundaries of technological advancement has earned the trust of numerous high-profile private equity and venture capital firm clients and established it as a sought-after partner in the industry. Dickson Loo, Managing Director of SeaTown, expressed excitement about being part of the next phase of Linnovate’s growth story and leveraging their network, resources, and expertise to help the company scale to greater heights.
