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AKJt acquires NexGen Management

AK Jensen Group Ltd has announced the acquisition of NexGen Management Ltd by locally-based AKJt Holdings Ltd, an affiliated company

Bermudian-based AK Jensen Group Ltd has announced the acquisition of NexGen Management Ltd by locally-based AKJt Holdings Ltd, an affiliated company.

The Group is a provider of turnkey trading and infrastructure solutions for fund managers.

The company said NexGen is a Cayman ManCo with an established history of supporting both traditional and crypto funds.

It said the transaction will allow AKJt to expand its service offering for crypto fund managers and will work in conjunction with AKJ Crypto plc, AKJt's full-service platform for funds trading in digital assets. The deal will provide additional client volume, distribution channels, and sales synergies, the company said.

Neal Mitra, CEO of AKJ Crypto, said: "We are thrilled to have NexGen on board and look forward to providing fund managers with an increasing breadth of options when working with us. The team at NexGen have achieved a lot within a relatively short period of time, and their capabilities will play an important role in helping to shape our trajectory. We are anticipating an exciting road ahead."

Gunnar Detlie, a director of NexGen, added: "NexGen brings services and expertise that will add to and complement the institution-grade turnkey solutions for which AKJ is known. We are pleased to be joining the leader in this rapidly evolving space, and we are ready to get to work."

The company said AK Jensen Group Ltd and its subsidiaries, established in 1995, is owned by shareholders who collectively have more than $18 billion in assets under management. The Group serves hedge fund and institutional clients in 35 countries around the world, it said.

It said AKJ Crypto plc provides a full-service platform for crypto hedge fund managers and diversified participation for institutional investors, through the AKJ Token, in the cryptoeconomy. Services for crypto funds include fund formation, legal and regulatory infrastructure, trading systems, back office support, and seed capital, the company said.

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Published March 10, 2021 at 3:49 pm (Updated March 10, 2021 at 3:49 pm)

AKJt acquires NexGen Management

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