PR94506

TORONTO, NEW YORK and LONDON, February 11, 2022 /PRNewswire=KYODO JBN/--

- CPP Investments and Motive Partners commit US$1.4 billion in new capital in

one of the largest ever primary capital raises in the wealth management sector

- Transaction values FNZ at over US$20 billion

- The combination of Motive's sector expertise with CPP Investments' long-term

capital provides the foundations for the next phase of FNZ's growth  

- FNZ now administers over US$1.5 trillion on its platform for over 20 million

customers worldwide

- FNZ accelerates its mission to open-up wealth, empowering all people to

create wealth through personal investment, aligned with things they care about

the most, on their own terms

FNZ, the global wealth management platform, today announces that it has secured

US$1.4 billion in new equity funding from Canada Pension Plan Investment Board

("CPP Investments") and Motive Partners ("Motive"), in one of the largest ever

primary equity raises in the wealth management sector. The fundraising values

FNZ at over US$20 billion as it continues its record of innovation and

geographical expansion.

FNZ partners with the entire industry to make wealth management and financial

advice accessible to more people. Today, FNZ works with over 650 financial

institutions to empower over 20 million people from all wealth segments,

including savings and retirement, affluent and high-net worth, to create wealth

through long-term investment, aligned with things they care about the most, and

on their own terms.

FNZ combines technology, infrastructure and investment operations in a single

state-of-the-art platform that frees its institutional customers to create

hyper-personalized and innovative products and services that are seamlessly

aligned with the needs of their clients.

This investment reflects both CPP Investments' and Motive's confidence in FNZ's

business model and future growth prospects both geographically and through

market consolidation. The capital raise will help FNZ further accelerate its

growth through increased R&D, as well as driving growth in markets that FNZ

have recently entered, in particular North America. CPP Investments is

investing a total of US$1.1 billion.  

Since its foundation in 2003 in New Zealand, FNZ has demonstrated exponential

growth. In the last five years, it has grown assets under administration over

seven-fold from US$212 billion to over US$1.5 trillion. The company now

partners with over 650 large financial institutions and over 8,000 wealth

management firms in 21 countries including abrdn, Allianz, Aviva, Barclays, BNP

Paribas Cardif, BNZ, Colonial First State, Generali, Jarden, Lloyds, Momentum,

NAB, Quilter, Swedbank, UOB and Vanguard. This growth is set to continue as FNZ

accelerates its market penetration, targeting a greater share of the c.US$100

trillion global wealth market.

The company has consistently attracted strong investment interest and CPP

Investments and Motive Partners represent the fifth and sixth external

shareholders in FNZ. In 2018, CDPQ and Generation Investment Management

acquired a majority stake in the company, in a partnership built around

long-term and sustainable investment. They were joined in 2021 by Temasek,

enhancing FNZ's reach into Asian markets. All investors remain long-term and

committed shareholders, alongside more than 800 employee-shareholders. No

investors will be selling any secondary shares in the transaction.

Lazard & Co. Limited acted as exclusive financial adviser, and Allen & Overy

LLP acted as lead legal adviser, to FNZ in relation to the equity capital raise.

Commenting on today's transaction, Adrian Durham, Founder & Group CEO of FNZ,

said: "Today's announcement represents a resounding endorsement of FNZ's track

record and future strategy. The company has successfully demonstrated

exponential growth in the scale and depth of customer relationships and

geographic expansion with platform revenues more than quadrupling in the past

three years to over US$1billion per annum, whilst also growing profitably and

sustainably.

"Our growth trajectory shows no signs of slowing down, and we are delighted to

welcome CPP Investments and Motive Partners to FNZ and look forward to working

with them as we further invest in and enhance our core platform, delivering

substantial incremental benefits to our customers and their clients."

Hafiz Lalani, Managing Director, Head of Europe, Direct Private Equity at CPP

Investments, said: "FNZ offers a unique, end-to-end value proposition which

enables the world's leading wealth managers to provide personalised,

transparent and accessible solutions to enhance consumers' long-term savings

while reducing cost and complexity. FNZ has seen considerable success and we

are excited to support FNZ and its leadership in continuing to deliver on their

vision to expand FNZ's global footprint, while at the same time delivering

attractive risk-adjusted returns for CPP contributors and beneficiaries.

"Partnered with Motive, we believe we bring a unique combination of long-term

capital and specialised expertise in the wealth management sector. We look

forward to being a strategic and value-added partner to FNZ and to joining the

business' existing investors."

Rob Heyvaert, Founder & Managing Partner at Motive Partners, who will join the

FNZ Group board as a Non-Executive Director on completion, said: "We could not

be more excited about our collective opportunity to work alongside the FNZ

team. Since FNZ's inception, its growth trajectory has been extraordinary, and

as we combine our strength of expertise, knowledge and access to the global

financial services ecosystem, we have the opportunity to deliver an exceptional

value-proposition to wealth and asset management customers all over the world

to meet growing demand."

About FNZ

FNZ is the global platform provider in the wealth management sector, partnering

with over 650 of the world's leading financial institutions and over 8,000

wealth management firms. With over 4,000 employees in 21 countries, FNZ's

mission is to open-up wealth, empowering all people to create wealth through

personal investment, aligned with things they care about the most, on their own

terms.

FNZ combines technology, infrastructure and investment operations in a single

state-of-the-art platform that frees its institutional customers to create

hyper-personalized and innovative products and services, that are seamlessly

aligned with the needs of their clients. To date, FNZ has enabled over 20

million people, from all wealth segments, to invest in an effective, simple and

transparent way, making wealth management accessible to everyone.

About CPP Investments

Canada Pension Plan Investment Board (CPP InvestmentsTM) is a professional

investment management organization that manages the fund in the best interest

of the more than 20 million contributors and beneficiaries of the Canada

Pension Plan. In order to build diversified portfolios of assets, investments

are made around the world in public equities, private equities, real estate,

infrastructure and fixed income. Headquartered in Toronto, with offices in Hong

Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and

Sydney, CPP Investments is governed and managed independently of the Canada

Pension Plan and at arm's length from governments. At December 31, 2021, the

Fund totalled C$550.4 billion. For more information, please visit

www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter.

CPP Investments contact details:

Steve McCool

Managing Director, Corporate Communications

smccool@cppib.com

Tel: +44 203 947 3002

About Motive Partners

Motive Partners is a specialist private equity firm with offices in New York

City and London, focusing on growth equity and buyout investments in software

and information services companies based in North America and Europe and

serving five primary subsectors: Banking & Payments, Capital Markets, Data &

Analytics, Wealth & Investment Management and Insurance. Motive Partners brings

differentiated expertise, connectivity, and capabilities to create long-term

value in financial technology companies.

More information on Motive Partners can be found at www.motivepartners.com

Motive Partners contact details:  

Sam Tidswell-Norrish

Principal, Investor Relations

sam@motivepartners.com

Tel: +44 7855 910 178

SOURCE: FNZ