Perpetual acquires Laminar Capital | Money management
Perpetual acquired Laminar Capital, a debt and advisory firm, with $ 8 billion in funds under management and advice.
The acquisition also included digital fixed-income platform Treasury Direct, which managed $ 21 billion in assets under administration.
In a statement to the Australian Securities Exchange (ASX), Perpetual said Treasury Direct will help expand Perpetual Corporate Trust’s digital presence and give it access to specialist capabilities.
Richard McCarthy, Group Director of Perpetual Corporate Trust, said: “Over time we have seen Laminar successfully establish itself in the mid-market sector, developing and delivering debt markets and digital solutions to key customer segments.
“One of the innovative and attractive components of Laminar’s business is its proprietary investment management platform, Treasury Direct, which enables clients to manage multiple investment and debt portfolios on a single platform.
“The combination of our two digital platforms, Perpetual Intelligence and Treasury Direct, will provide the ability to provide a broader range of digital, treasury and debt market solutions to our existing and future clients, while accelerating the development of our digital product offering. “
Laminar would retain 13 specialists, including nine advisers and founding director Cameron Rae.