North Street Group buys Hedge Fund Solutions
Capital markets and investment banking firm North Street Group has acquired New York-based Hedge Fund Solutions. Although terms of the agreement have not been disclosed, the deal means the alternative asset service provider will change its name and rebrand to North Street Global Fund Services.
Hedge Fund Solutions offers fund administration for both emerging and established alternative asset managers.
"The strategic acquisition of Hedge Fund Solutions, LLC allows North Street to enter the alternative asset management space and expand its service offerings," says Alex Mascioli, managing partner of North Street Group.
Co-head of North Street Global Fund Services Dean Betzios stats, "The transaction with North Street allows Hedge Fund Solutions' fund services to strengthen its infrastructure for our clients' needs."
"We're excited about this opportunity as it sets the foundation to allow us to grow alongside the funds we service," adds Joseph Musto , co-head of North Street Global Fund Services. Terms of the agreement were not disclosed.
- Alex Mascioli, Managing Partner of North Street Group
