Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan. The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed.
“We appreciate the additional vote of confidence demonstrated by this investment. JP Morgan has been an important client and partner to us for a number of years and we look forward to working together to bring joint solutions to market,” says Gaurav Suri, CEO of Arcesium.
“This investment and collaboration underscores JP Morgan’s continued focus in the alternatives segment,” says Teresa Heitsenrether, Global Head of Securities Services, JP Morgan. “The combination of JP Morgan’s Securities Services and Arcesium’s innovative technology is driving more scalable solutions to our clients. Through its partnership with Arcesium as a technology provider, JP Morgan has offered its alternative asset manager clients solutions to their most complex operations and data management challenges.”
“JP Morgan is an industry leader in Securities Services and we have long valued the opportunity to help them streamline and automate operations for their alternative asset manager clients, driving efficiency and innovation through technology,” adds David Nable, Managing Director and Head of Commercial Strategy at Arcesium.
Since its launch in 2015, Arcesium has grown to support more than USD150 billion in assets from a number of leading firms and has more than doubled its global headcount to over 850 staff across offices in New York City and Hyderabad, India. The D E Shaw group launched Arcesium through DESCOvery, the firm’s incubator for innovation in non-asset management technology businesses and ventures in areas such as fintech, insurtech, and data analytics.