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Universal Investment
From Wikipedia, the free encyclopedia
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Universal Investment is a group of companies headquartered in Frankfurt am Main with three regulated investment companies based in Germany, Luxembourg and Ireland. Biggest part is Universal-Investment Gesellschaft mbH, founded in 1968. Core offerings are investment fund services and management company services for asset management companies and institutional investors. The company launches and administers funds for all asset classes such as securities, alternative investments and real estate.
Universal Investment manages more than a trillion euros in about 2,000 funds with over 1,700 employees.[3] The company is an affiliate member of Investment Association.[4] With Universal-Investment-Luxembourg S.A., Universal Investment is also active in Luxembourg, where it is one of the 20 largest management companies with assets under administration of 108 billion euros.[5]
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History
In 1968, the company was founded by several German private banks as joint investment company
In 2012, Berenberg Bank and Bankhaus Lampe acquired the shares of Hauck & Aufhäuser and Landesbank Baden-Württemberg.[6]
In September 2016, British private equity group Montagu acquired Berenberg Bank and Bankhaus Lampe's stakes in Universal Investment, thus gaining control of the asset management firm.[7]
In 2019, Universal Investment acquired the IT service provider UI labs, which specializes in front-office solutions, from Lupus alpha.[8] In 2021 the group acquired Metzler Bank's Irish fund management company and renamed it Universal Investment Ireland Fund Management Limited.[9] In 2022, the company announced the acquisition of Luxembourg fund administrator European Fund Administration S.A.[10]
In 2022, Canadian Pension Plan Investment Board acquired from majority shareholder Montagu a minority stake in Universal Investment.[11]
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See also
References
External links
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