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S64 Closes Funding Round With Sumitomo Mitsui Trust Bank Investments

Editorial Staff

30 July 2024

London-headquartered , a global alternatives fintech and solutions partner to the wealth management industry, has just closed its series A funding round which includes investments from HPS Investment Partners and Sumitomo Mitsui Trust Bank, two prominent institutional investors.

The new capital partnerships will accelerate S64’s growth and expansion strategy, enhancing its product manufacturing capabilities and proprietary technology platform, the firm said in a statement. This investment will support the firm's ambition to unlock rising demand from private investors seeking access to a leading range of global alternative investment opportunities.

“We believe that S64 is well-positioned to capitalise on the growing demand for alternative investment solutions and look forward to supporting their journey and continued success,” Tom Wasserman, managing director of HPS Investment Partners responsible for the firm’s strategic growth equity investments, said.

The series A funding follows the original seed investment which was led by AltamarCAM Partners (40 per cent owned by Permira growth equity) and included Pollen Street Capital and ACE & Company, amongst others, whose early and continuing support has been instrumental in S64’s journey.

S64 Ventures is a global alternatives and technology solutions business bridging the opportunity for wealth investors in private markets. It works with world-class asset managers and private banks across private equity, credit, real estate, infrastructure, and impact investments to develop innovative solutions for wealth managers.