FNZ raises $450m in equity from existing institutional shareholders
La Caisse, CPP Investments, Generation Investment Management and Motive Partners backed technology, people and product investment.
FNZ raised $450 million in equity from existing institutional shareholders La Caisse, Canada Pension Plan Investment Board, Generation Investment Management and Motive Partners.
The capital will support investment in technology, people and products as FNZ continues its transformation and long-term growth program. The company reports more than $2.5 trillion in assets on platform and nearly 30 million end customers.
Use of funds
Invest in technology, people and products