Irish financial services firm Carne Group has secured a €100m investment from Vitruvian Partners.
Carne said the investment will be used to expand its client led technology solutions.
Subject to regulatory approval, the investment will also see Vitruvian Partners take a minority stake in the business.
Founded in 2004 in Ireland, Carne now employs 350 people in eight locations across the world who manage the governance, compliance, regulatory and substance requirements for more than 550 of the world's leading asset managers and institutional investors.
John Donohoe, founder and Group CEO of Carne, said the company's goal is to provide asset managers and institutional investors with solutions that lead to better investor outcomes.
"We are focused on transforming the asset management industry through our proprietary CORR technology, hiring the best talent globally, and building client led, trusted solutions," Mr Donohoe said.
"In Vitruvian, we found a partner with a shared vision and the experience and intellectual capital to help us bring further innovation to the industry. Together we can build and deliver better outcomes resulting in a win-win for both asset managers and investors," he added.
Stephen Byrne, a Partner at Vitruvian Partners, said Carne's ability to grow into a global trusted brand within an industry valued at over $110 trillion is testament to its business model and the strength and expertise of the management team.
"Our investment and partnership will enable Carne to further accelerate ongoing developments of leading technology-enabled products and services, as well as global scaling of their platform," Mr Byrne added.
