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Acquisition of STRAIT Capital Company Sanne, the global provider of alternative asset and corporate services, today announces the acquisition of STRAIT Capital Company Ltd (STRAIT), a leading North American private equity and hedge fund administration business headquartered in Dallas, Texas.
The acquisition of STRAIT will provide Sanne with increased scale, capability and client coverage in North America, the largest and one of the fastest growing end markets for alternative asset administration. STRAIT adds over 50 employees, more than 60 new client groups and in excess of $20 billion of assets under administration to Sanne s platform as well as a new office in Dallas, Texas. STRAIT generated revenues of $9.4 million for the year ended 31 December 2020.