The wealth management platform said the additional capital will support its long-term business plan and enable it to execute on its "refreshes strategy."

FNZ, a global wealth management platform that has bought several businesses in recent years, has secured $500 million in new equity funding.

The London-headquartered firm’s long-term institutional investors put in the equity funding, FNZ said in a statement yesterday. 

“This new capital will provide the financial strength to support FNZ’s long-term business plan and enduring success with customers. We are focused on enhancing long-term value for all of our stakeholders and inspiring trust as we execute on our refreshed strategy,” Blythe Masters, CEO at FNZ, said.

Yesterday’s announcement of the equity fund-raising, made from existing shareholders, is a separate matter from the $2.1 billion refinancing of November last year and the August 2024 equity raise of $1 billion, a spokesperson for FNZ said when asked by this publication about the matter. 

In November 2024, FNZ Group said it successfully completed a refinancing of its existing debt, providing new long-term facilities that extend through to November 2031. FNZ rolled its existing private unitranche senior debt and revolving credit facility (RCF) into a new $2.1 billion term loan and has also closed on a new $300 million RCF.

FNZ has a total of $1.7 trillion in assets under administration and works with over 650 financial institutions and 12,000 wealth managers. In July 2022, FNZ bought New Access, a private banking tech firm mainly active in the markets of Switzerland, Liechtenstein and Luxembourg. A year before, it agreed to buy Switzerland-based onboarding tech specialist Appway. In early 2022 FNZ secured $1.4 billion in new equity funding from Canada Pension Plan Investment Board and Motive Partners. It has also partnered with Clearstream – the post-trade services provider of Deutsche Börse Group.

In February this year, FNZ appointed Aashish Kamat as group chief financial officer, taking over from Stewart Maclean, who switched to a group finance director role, after having led the finance function in 2024.

Gregor Stewart, group chair of FNZ, said of the equity fundraising announcement that it was “another endorsement of FNZ, its strategy and the scale of the opportunity ahead, as we continue to partner with leading wealth and asset managers globally to help savers invest for their future.”