Linnovate Partners (“Linnovate”), a leader in asset servicing and fintech for the alternative investment industry, is pleased to announce the successful closing of a $40 million financing commitment from SeaTown Private Capital Master Fund. SeaTown Private Capital Master Fund is managed by SeaTown Holdings International Pte. managed. Ltd. (“SeaTown”), a leading Asia-focused alternative investment firm owned by Seviora, the asset management group of Temasek. This capital injection marks a pivotal moment in Linnovate’s journey, enabling the company to scale its operations, drive innovation and further cement its position as a market leader.
As Linnovate continues to experience rapid growth and increasing demand for its technology-enabled services, the funding will play a critical role in meeting customer needs and driving market innovation. The investment will allow Linnovate to strategically allocate additional resources, ensuring the company remains at the forefront of technological advancements and true to its commitment to providing exceptional solutions to customers worldwide.
Henry Lin, Founder and CEO of Linnovate Partners, expressed excitement about the opportunities this investment opens up: “We are excited to have SeaTown as our strategic partner and investor. This investment will be instrumental in accelerating our growth trajectory and providing us with the necessary resources. We are improving our service offering and continuing to deliver innovative solutions for our customers and the industry itself.”
Dickson Loo, Managing Director of SeaTown, commented: “Linnovate has established itself as an industry-leading player with its highly differentiated culture of customer centricity and strong technology focus. “We are excited to be part of the next phase of Linnovate’s growth story.” We are leveraging our network, resources and expertise to help the company achieve even greater success.”
Linnovate has earned a reputation for its innovative approach to solving manual mid-to-back office tasks related to fund management through technology-enabled services. The company’s commitment to pushing the boundaries of technological advancement has earned it the trust of numerous high-profile private equity and venture capital clients, making it a sought-after partner in the industry.