Aztec Group, an international fund and corporate services provider to the alternative investments industry, announced the completion of its strategic partnership with global growth investor Warburg Pincus.
The deal marks a major milestone in Aztec’s long-term growth journey, bringing Warburg Pincus on board as both a minority shareholder and key client. The partnership will support Aztec’s continued expansion into high-growth global markets, especially the United States, where the Group saw a standout year in 2024.
Warburg Pincus, which manages over $87 billion in assets, chose Aztec as a preferred provider for specific fund administration services on a global scale. And this decision reflects the team’s confidence in Aztec’s growth trajectory and commitment to delivering long-term value to its clients.
This partnership builds on a year of exceptional performance in the U.S. And Aztec has rapidly expanded its footprint and been recognized by the industry, driven by new client wins and deepening client relationships across the U.S.- EU corridor. The team scaled significantly with senior hires brought in to lead across private credit and investor services.
Aztec’s growth in the U.S. is highlighted by its decades of experience in back-office operations, with deep expertise in fund accounting, investor services and operational compliance. And as outsourcing continues to become more prevalent among U.S. managers – especially those seeking to scale efficiently – Aztec’s track record and dedicated local teams offer a proven and institutional-grade solution.
While entering the next chapter, Aztec Group remains focused on delivering best-in-class service, deepening its U.S. presence, and strengthening its position as a premium global partner to private markets clients.
KEY QUOTES:
“Our vision has always been clear: to deliver a truly premium service to private market clients, built on close relationships, technical strength and operational excellence. Partnering with Warburg Pincus brings together two organizations with shared ambition – our client-first culture and specialist expertise, and their global reach and experience backing high-growth businesses. This partnership enables us to scale with purpose, while staying true to what makes Aztec special: our people, our culture and our commitment to client service.”
Kathryn Purves, CEO of Aztec Group
“We have been eagerly awaiting this moment since we announced our investment in Aztec some nine months ago. Our enthusiasm for the business and the market opportunity has only grown in the interim and we very much look forward to developing a strong partnership between our organizations, both as a substantial client and shareholder, over the coming years. We share management’s ambition for continued growth and the technological enhancement of Aztec’s proposition, together with their belief that excellent client service should remain at the heart of everything we do.”
Andrew Sibbald, Managing Director and Head of Europe at Warburg Pincus
“This year’s growth reflects our comm
