Putnam Lovell NBF, a subsidiary of National Bank Financial Inc, will make a strategic investment of approximately $6.5 million in DPM, provide its knowledge of the global traditional and alternative asset management markets, and assist DPM in expanding its client base, according to a news release.
The Somerset, New Jersey-based DPM provides a broad range of middle- and back-office outsourcing and risk administration solutions for clients including institutional investors, fund managers, and proprietary traders.
The firm has approximately $18 billion in assets under administration and serves approximately 70 clients and 300 individual funds. DPM has operations in the US, the UK, Cayman Islands, and the Bahamas, with affiliates in Ireland and Bermuda.
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