ZEDRA has risen rapidly since its founding in 2016, and covers services in the corporate, funds and wealth management arenas.

Canada-based British Columbia Investment Management Corporation, or BCI, has made a minority investment in ZEDRA, the wealth, fund and corporate services group.

This investment will be made in partnership with ZEDRA’s management team, led by executive chairman Bart Deconinck and CEO Ivo Hemelraad, and the company’s existing majority investor, Corsair, which will retain that status, ZEDRA said in a statement yesterday.

The terms of the transaction, which are subject to customary regulatory approvals, were not disclosed. Lazard acted as financial advisor and Simpson Thacher & Bartlett acted as legal advisor to Corsair. Weil Gotshal & Manges acted as legal advisor to BCI. Addleshaw Goddard acted as legal advisor to ZEDRA Management.

“We are excited to partner with BCI, who bring significant resources and expertise, and will enable us to continue building on the significant accomplishments we have achieved with Corsair’s strong support,” Bart Deconinck, executive chairman at ZEDRA, said. “As ZEDRA enters an exciting new stage of our growth story, we look forward to enhancing our offerings and providing best-in-class services to meet our clients’ continually evolving needs.”