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Wealth management platform FNZ raises USD1.4bn in new capital at a USD20bn valuation, advised by A&O

Allen & Overy acted as lead counsel to FNZ, the global wealth management platform, in its securing of USD1.4 billion in new equity funding which values FNZ at over USD20bn.

The funding comes 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.

Commenting on the deal, A&O private equity partner, Karan Dinamani said: “We are very proud to have assisted our client FNZ and we look forward to seeing the company continue its record of innovation and geographical expansion. This deal again demonstrates the breadth of experience and expertise at A&O across private capital and fintech, especially in helping some of the world’s most innovative businesses navigate the increasingly complex late-stage global fundraising market.”

The A&O team is led by private equity partner Karan Dinamani with senior associates Jeremy Wilkins and Chris Sabine, associates Caroline Crawford, Chetna Shrivastava and Alain Jalbert and trainee Saeed Mahmood.