Key Takeaways
- • New Private Equity (NPE) has completed a significant minority investment in ONE group solutions, a Luxembourg-headquartered provider of third-party fund management company (ManCo) and governance services to asset managers.
- • ONE serves more than 200 clients with close to 200 professionals across eight offices, and says it has been growing at more than 35% annually.
- • The capital will fund a unified data and ontology layer across ONE's governance workflows, AI and automation capabilities, and the deployment of applications on NPE's Foundry platform.
- • ONE plans to deepen its presence in Luxembourg, Ireland, and the UK while expanding more aggressively in the United States.
- • Founders and management retain a substantial ownership stake, and CEO Steve Bernat will continue leading the business; the transaction received approval from Luxembourg's CSSF.
Summary
New Private Equity has completed a significant minority investment in ONE group solutions, a Luxembourg-headquartered provider of third-party fund management company and governance services to asset managers. Under the transaction, ONE's founders and management team will retain a substantial ownership stake, and CEO Steve Bernat will continue to lead the business. The transaction received approval from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF).
Founded in 2019, ONE serves more than 200 clients with close to 200 professionals across eight offices. The company said it has been growing at more than 35% annually, supported by governance technology and a service model spanning ManCo and AIFM services, regulatory and compliance consulting, asset-manager support, and corporate services.
NPE plans to use its investment and operating resources to expand ONE's technology, data, AI, and automation capabilities. The firms have already begun work on a unified data and ontology layer across ONE's governance workflows, along with improvements to core systems. NPE's Foundry platform is being used to deploy applications and AI on top of ONE's operating infrastructure. The investment will also support geographic expansion, with ONE deepening its presence in Luxembourg, Ireland, and the UK while growing more aggressively in the United States, where asset managers are increasingly seeking independent governance partners with technology-enabled infrastructure.
White & Case, PwC, and AlixPartners advised NPE, while ONE was advised by PwC Luxembourg and Venturous. Gero Wittemann, co-founder and managing partner of New Private Equity, said NPE is highly selective about the companies it partners with and that ONE is among the best in its field. Bernat said that, as a founder-led firm, ONE was not actively seeking a new partner but chose NPE because its technology-driven investment philosophy aligns with the company's convictions. Management described the partnership as a way to scale the platform without diluting service quality or the client relationships that supported its growth.
Founded in 2019, ONE serves more than 200 clients with close to 200 professionals across eight offices. The company said it has been growing at more than 35% annually, supported by governance technology and a service model spanning ManCo and AIFM services, regulatory and compliance consulting, asset-manager support, and corporate services.
NPE plans to use its investment and operating resources to expand ONE's technology, data, AI, and automation capabilities. The firms have already begun work on a unified data and ontology layer across ONE's governance workflows, along with improvements to core systems. NPE's Foundry platform is being used to deploy applications and AI on top of ONE's operating infrastructure. The investment will also support geographic expansion, with ONE deepening its presence in Luxembourg, Ireland, and the UK while growing more aggressively in the United States, where asset managers are increasingly seeking independent governance partners with technology-enabled infrastructure.
White & Case, PwC, and AlixPartners advised NPE, while ONE was advised by PwC Luxembourg and Venturous. Gero Wittemann, co-founder and managing partner of New Private Equity, said NPE is highly selective about the companies it partners with and that ONE is among the best in its field. Bernat said that, as a founder-led firm, ONE was not actively seeking a new partner but chose NPE because its technology-driven investment philosophy aligns with the company's convictions. Management described the partnership as a way to scale the platform without diluting service quality or the client relationships that supported its growth.
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