Solactive Announces €50 Million Growth Equity Investment from Summit Partners
FRANKFURT AM MAIN, Germany & LONDON--(Business Wire)--Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, today announced a €50 million minority investment from global growth equity firm Summit Partners. The investment will help support Solactive’s continued global growth, as the company expands its product offering and presence worldwide and further builds upon its proprietary technology platform, infrastructure and global team.
Solactive is challenging the status quo in the indexing industry by taking a customer-centric and technology-first, flexible approach to the creation, development, calculation and distribution of indices and related services. The company provides tailor-made index solutions for ETFs and other index-linked investments across equity, fixed income and multi-asset class strategies. Offering a high level of flexibility, speed and value, Solactive’s award-winning solutions are used by more than 400 international clients, including leading investment banks, ETF providers, hedge funds, asset owners and asset managers, with more than $200 billion of global assets linked to more than 17,000 Solactive indices.