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Apex Trader Funding - News

S64 Announces Successful Close of Series A Funding Round with investments from HPS Investment Partners and Sumitomo Mitsui Trust Bank

LONDON, July 29, 2024 (GLOBE NEWSWIRE) -- S64, the global alternatives fintech and solutions partner to the wealth management industry, today announced the successful close of its Series A funding round which includes investments from HPS Investment Partners and Sumitomo Mitsui Trust Bank, two prominent institutional investors. The new capital and strategic partnerships will accelerate S64's growth and expansion strategy, enhancing its cutting-edge product manufacturing capabilities and proprietary technology platform. This investment will support the firm's ambition to unlock rising demand from private investors seeking access to a leading range of global alternative investment opportunities. Tarun Nagpal, Founder and CEO of S64, said: "We are delighted to have the support of such esteemed investors as HPS Investment Partners and Sumitomo Mitsui Trust Bank. This funding round marks a significant milestone for S64, enabling us to continue to innovate and deliver private markets opportunities to the wealth management sector across Europe and Asia Pacific. The combination of our market-leading technology and product manufacturing capabilities, alongside the strategic support from our investors, puts us in an exceptional position for future growth and expansion." Tom Wasserman, Managing Director of HPS Investment Partners responsible for the firm's strategic growth equity investments, said: "We are excited to partner with S64, a company with an outstanding team and compelling offerings to transform access to private market investments for wealth managers. We believe that S64 is well-positioned to capitalize ...