Euroclear closes acquisition of Goji
Euroclear today announced the completion of its acquisition of Goji, a leading provider of digital access and technology-enabled solutions to private markets.
Euroclear first announced its intent to acquire Goji in December 2022. Financial terms of the transaction were not disclosed.
The acquisition of Goji aligns with Euroclear’s strategy of expanding its reach and capabilities in private markets, building upon its successful acquisition of the MFEX funds distribution platform. Euroclear is now able to provide a true one stop shop offering to clients across a spectrum of products including mutual and alternative funds, ETFs and private market funds.
The combination of Euroclear’s open infrastructure administering €3.1 trillion worth of funds globally and Goji’s innovative technology will provide a digital platform to streamline trading and custody, increase accessibility, and reduce the overall cost of access to private market funds. The acquisition coincides with rapidly increasing demand for entry into private markets as investors seek strong, predictable returns and the security that comes from portfolio diversification.
David Genn, CEO, Goji commented:
“We are extremely pleased to partner with Euroclear to provide the technological infrastructure necessary to unlock private markets for all investor groups. The integration of Euroclear’s extensive cross-border fund network with Goji’s technology and experience allows us to deliver a solution that will transform the private markets industry.”
Lieve Mostrey, Chief Executive Officer, Euroclear commented:
“We are delighted to be working with Goji. The acquisition enables Euroclear to diversify and expand its product and service offerings in private markets, providing clients with a comprehensive suite of solutions catering to their evolving needs. Through our collaboration with Goji we will build a global network for private funds.”