FNZ valued at US$20 billion plus
The FNZ wealth management platform, has completed one of the largest ever primary capital raises in the wealth management sector raised US$1.4 billion.
The deal values FNZ at more than US$20 billion.
FNZ has secured US$1.4 billion in new equity funding from Canada Pension Plan Investment Board and Motive Partners to accelerate transformation in the global wealth industry.
This investment reflects both CPP Investments' and Motive's confidence in FNZ's business model and future growth prospects both geographically and through market consolidation, the company says in a statement.
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