ECI invests in KB Associates

ECI is delighted to announce our investment in KB Associates, the leading professional services firm advising investment funds and asset managers. Our minority investment will support the next stage of KB Associate’s growth, grow its international presence, and will facilitate continued enhancement of its service offering.

KB Associates specialises in the provision of management company, governance and compliance services, to investment funds and asset managers. The firm was founded in 2003 and has headquarters in Dublin, as well as a presence in London, New York and the Cayman Islands. KBA’s 60 consultants work with over 230 asset management firms and support investment funds in excess of €225bn. Clients include the world’s leading asset management firms.

KBA’s specialist professional services model has resulted in significant growth in recent years as asset management firms have responded to the increasingly complex regulatory environment by appointing KBA to provide expert advice.

This investment will allow KB Associates to continue to attract and develop the best talent in the industry while simultaneously continuing to expand its product offering.
 

Mike Kirby, Managing Principal and founder of KB Associates, 

We are confident that the investment funds industry will continue to thrive over the coming years. We also believe that the growing regulatory burden will drive increased demand for the specialist governance and compliance services we provide. This minority investment by ECI provides us with the financial flexibility and expertise to seize this market opportunity. Importantly, it also ensures that the business continues to be majority owned by the management teamMike Kirby Managing Principal and founder of KB Associates

Michael Butler, Investment Director at ECI, said:

We are delighted to be partnering with Mike and his team to help them drive the next chapter of growth. We are attracted to ambitious growth businesses with strong market positions, inspirational management teams and strong culture. KB Associates ticks all those boxes.Michael Butler Investment Director at ECI

The investment is subject to regulatory clearance. It is anticipated to complete in Q1 2020.

About the author

Michael Butler

"As a Partner within the Investment Team, I spend my time meeting with ambitious management teams, understanding their aspirations and how a partnership with ECI can help them achieve those. I then work with the companies we back as a board member, helping to develop and deliver their growth strategy."

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