TMF acquires Guernsey fund admin Gentoo
Guernsey-based private equity funds administrator Gentoo has been acquired by business services provider TMF Group.
The acquisition of $15bn AuM Gentoo forms part of TMF's strategy to develop its private equity and real estate offering, previously consisting of mid-and-back office services such as legal, HR, accountancy and payroll.
Founded in 2011, Gentoo has management teams in Guernsey and Luxembourg, employing a total staff of 50.