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Asset Servicing

SS&C Technologies to acquire fund administrator CACEIS North America

SS&C Technologies Holdings on Monday said it would acquire fund administrator CACEIS North America from Credit Agricole.

CACEIS North America has $15.8 billion in assets under administration in hedge funds and private equity strategies in the U.S. and Canada.

The deal is expected to close by the end of March, SS&C said in a news release. Terms of the deal were not disclosed.

The acquisition of CACEIS North America is the latest by SS&C of an investment fund administrator. In October, the firm acquired Canadian fund administrator CommonWealth Fund Services, which serviced $8 billion in assets administered for hedge funds, private equity and real assets.

SS&C has more than $1.4 trillion in assets under administration, according to its website. CACEIS has $2.1 trillion globally in AUA, according to the SS&C news release.