Key Takeaways
- • Canadian fund-operations firms Brio Platform and Losange Finance are merging to launch Stellé, a combined provider of fund administration and operations technology for private capital managers. Terms of the deal were not disclosed.
- • Losange has supplied fund administration and accounting services to alternative asset managers since 2019, while Brio contributes a technology platform built over nine years in live fund operations that supports more than 100 funds and 3,000 limited partners.
- • Stellé will target private capital fund managers across venture capital, private equity, real estate, and multi-family offices, and will carry forward the clients, teams, and track record of both firms.
- • The combined entity is designed to handle complex structures, including SPV programs, parallel funds, and evergreen vehicles.
- • The merger reflects growing demand for scalable back-office support as private capital managers look to consolidate administration and technology under one provider.
Summary
Canadian fund-operations firms Brio Platform and Losange Finance are merging to launch Stellé, a new company that will serve private capital fund managers across venture capital, private equity, real estate, and multi-family offices. According to the primary source, Terms of the transaction were not disclosed.
The two firms bring complementary capabilities. Losange has provided fund administration and accounting services to alternative asset managers since 2019. Brio contributes a technology platform developed over nine years of live fund operations, which currently supports more than 100 funds and 3,000 limited partners. Stellé is positioned to combine fund administration expertise with operations technology under a single provider.
According to the announcement, Stellé will carry forward the clients, teams, and track record of both predecessor firms, including clients running complex structures such as SPV programs, parallel funds, and evergreen vehicles. Audrey Ostiguy, CEO of Stellé, discussed the merger on BNN Bloomberg, where she framed client demand around a service offering layered on top of the technology platform.
The transaction underscores a broader trend in which private capital managers are seeking scalable back-office infrastructure. By uniting two established Canadian names in fund operations, Stellé aims to offer an integrated alternative to firms that separately manage administration and technology.
The two firms bring complementary capabilities. Losange has provided fund administration and accounting services to alternative asset managers since 2019. Brio contributes a technology platform developed over nine years of live fund operations, which currently supports more than 100 funds and 3,000 limited partners. Stellé is positioned to combine fund administration expertise with operations technology under a single provider.
According to the announcement, Stellé will carry forward the clients, teams, and track record of both predecessor firms, including clients running complex structures such as SPV programs, parallel funds, and evergreen vehicles. Audrey Ostiguy, CEO of Stellé, discussed the merger on BNN Bloomberg, where she framed client demand around a service offering layered on top of the technology platform.
The transaction underscores a broader trend in which private capital managers are seeking scalable back-office infrastructure. By uniting two established Canadian names in fund operations, Stellé aims to offer an integrated alternative to firms that separately manage administration and technology.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.