BV Investment Partners Exits Butterfield Fulcrum
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BV Investment Partners Exits Butterfield Fulcrum

BV Investment Partners has sold its portfolio company Butterfield Fulcrum, a hedge fund administrator and service provider to the alternative investment industry, to Mitsubishi UFJ Trust and Banking Corporation.

BV Investment Partners acquired Butterfield Fulcrum in 2011. “This transaction demonstrates our strategy of backing strong management teams and leveraging our core expertise to grow and transform businesses. This was the largest investment from our Fund VII and we are delighted to achieve a very successful outcome for our investors over this two-year period,” said Vikrant Raina, Managing Partner of BV.

Butterfield Fulcrum provides front, middle and back administration services to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company services more than 850 funds and has seven offices in six countries and employs over 325 people. Butterfield Fulcrum is based in Hamilton, Bermuda (www.bfgl.com).

“After we acquired Butterfield Fulcrum the company instituted a renewed focus on client service, launched technology-enabled products, and overhauled its software and IT development capabilities,” said Justin Harrison, a Managing Director at BV. “The company also initiated an active sales outreach effort that resulted in significant new business from both existing and new clients. After two years of very strong growth under our ownership, we are confident the company will continue to capitalize on its potential and grow further as a valuable asset within a global financial services institution like Mitsubishi.”

BV Investment Partners makes investments in companies active in the information and business services, communications and media industries. The firm is currently investing its eighth private equity fund and since its founding in 1983, the firm has invested $2.6 billion in 80 companies. BV Investment Partners has offices in Boston and New York (www.bvlp.com).

“It was a great pleasure to work with the BV team whose knowledge of the information services sector and support helped us grow the business. We are excited to enter this new partnership with Mitsubishi as it is a very positive move for the company and our clients,” said Glenn Henderson, Chief Executive Officer of Butterfield Fulcrum.

© 2013 PEPD • Private Equity’s Leading News Magazine • 6-21-13

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