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KFin Technologies acquires 51% controlling stake in Ascent Fund Services
Oct-14-2025

KFin Technologies has acquired 51% controlling stake and become the sole promoter of Ascent Fund Services (Singapore) (Ascent). The company has acquired the stake for a consideration of $34.68 million. The transaction provides KFintech an immediate 51% holding in Ascent via its Singapore arm, with the balance 49% scheduled to be acquired in three equal tranches after the end of fiscal years 2028, 2029, and 2030, linked to defined EBITDA milestones. The investment is fully funded through internal accruals and has no impact on dividend policy or debt position.

With this closing, KFintech’s global fund administration AUA grows to around $340 billion in aggregate, as of September 30, 2025, further diversifying its revenue mix, geographic exposure, and capabilities across private and public market asset classes including pensions and digital asset classes. The addition of Ascent brings a cross-border team of over 250 highly experienced domain experts into the KFintech Group, strengthening its client acquisition, product development, and delivery capabilities to service global asset managers. 

KFin Technologies provides services and solutions to intermediaries operating in the capital market ecosystem such as mutual funds (MF), alternative investment funds and wealth management firms.

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