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Conyers Dill & Pearman is acting as Bermuda and Cayman legal counsel to Mitsubishi UFJ Trust and Banking Corporation (MUTB) in its acquisition from BV Investment Partners of Butterfield Fulcrum Group, a leading independent hedge fund administrator and service provider to the alternative investment industry. Butterfield Fulcrum Group is headquartered in Bermuda and is expected to become the global alternative asset administration platform of MUTB.
With its comprehensive suite of products and services, Butterfield Fulcrum Group is a leading independent services provider with 25 years of experience providing a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds. Butterfield Fulcrum Group services more than $100 billion of client assets across 850 funds and has seven offices in six countries, including Bermuda and the Cayman Islands, and employs over 325 people. The transaction is subject to normal regulatory and government approvals.
Established in 1927, MUTB is a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), the fifth largest global bank holding company ranked by assets and having over 95,000 employees and operating in over 500 offices in 40 countries.
Working together with Simpson Thacher & Bartlett LLP, the Conyers team is led by Peter Ch’ng and Erik Gotfredsen, advising on Bermuda law, and Matthew Stocker, advising on Cayman Law.