Luxembourg’s Centralis Group gains ETF assets and US footprint with acquisition
Luxembourg-based Centralis Group, an alternative fund services provider, will extend its services to semi-liquid private markets funds and ETFs through the acquisition of a US firm.
Centralis has bought Pine Advisor Solutions, a Denver-headquartered company that acts as distributor for over $25 billion of ETF assets.
The “transformative transaction” extends Centralis’s reach to the US market and creates a multijurisdictional fund services platform for local and global asset managers, the firm said.
Aidan Foley, CEO of Centralis, described the partnership as a key milestone in the firm’s growth strategy – including into US registered funds – and means it can explore new business lines and jurisdictions.
Foley said market dynamics are driving growing demand for specialised fund services, including the push to democratise access to alternative investments that has led to new fund structures and distribution channels. He said the growing complexity of the regulatory and technology landscape is making outsourced fund services increasingly valuable to managers.
Centralis was founded in 2006 and has over 2,000 clients.
As well as acting as an ETF distributor, Pine also provides outsourced chief compliance officer and principal financial officer services for US registered funds. PINE also provides outsourced chief financial officer and regulatory compliance services for private funds and to a “growing base” of traditional and alternative asset managers.
Terms of the deal were not disclosed. The transaction is subject to regulatory approvals and is expected to close by early Q2 2026.
