Institutional Advisory Services Group (“IASG”) has acquired a minority stake in Chicago-based Omega Edge LLC, a private financial management advisory firm. No financial terms were disclosed.
Chicago, IL, May 08, 2019 –(PR.com)– Institutional Advisory Services Group (“IASG”), an independent advisory firm specializing in alternative investments for institutional and high net-worth-investors, and Omega Edge, LLC, a privately held financial & operational management advisory company, today announced an agreement whereby IASG will acquire a minority stake of Omega Edge LLC. As part of the transaction, IASG will acquire the stake for a combination of cash and stock in a subsidiary of IASG, IASG – Fund Services (“IASG-FS”).
As a result of the transaction Omega Edge Principal Brett Ladendorf will join Jon Paul Jonkheer, Executive Vice President of IASG, partnering to leverage their strengths. Brett Ladendorf joins as IASG as a Managing Director and Principal of IASG-FS. Brett will continue to have operating control of Omega Edge as an independent entity.
The recently founded IASG-FS will offer fund administration and servicing solutions to the investment management industry. Brett and JonPaul will bring cutting edge technology to the marketplace through a joint venture with Sudrania Fund Services (“SFS”). SFS is a SaaS platform that is owned and operated by an international team led by founder Nilesh Sudrania. SFS is based in Illinois and has offices in Downers Grove, Hong Kong and Jaipur India.
Together the partnership will offer fund admin services to commodity trading advisors (CTAs), hedge funds, private equity sponsors, venture capital general partners, real estate investment companies, mutual funds and other investment type companies.
JonPaul Jonkheer, Executive VP of IASG stated, “As we continue to grow IASG and its new affiliate IASG-FS, we are thrilled to have Brett come aboard. His exceptional domain expertise in alternative investment vehicles and his financial and operational acumen will be an asset to IASG. This transaction enables us to broaden our offering of services to our existing client base, expand our reach into other manager strategies, and uphold our long-term commitment to providing infrastructure and other critical services to the alternative investment industry.”
Brett Ladendorf, Managing Director stated, “I’m very excited about this opportunity to join IASG. Here I can get behind a leader in the managed futures space but also get out in front of a new venture to bring a ground-breaking fund servicing platform to market.”
The office of IASG-FS is located at 141 W Jackson Blvd in the CBOT building in downtown Chicago.
For more information please call 312-561-3145 or visit www.IASGfundservices.com
Published at Wed, 08 May 2019 07:00:00 +0000