KFin Technologies acquires controlling stake in Ascent Fund Services

KFin Technologies Limited announced the completion of its acquisition of a 51% controlling stake in Ascent Fund Services (Singapore) Pte. Ltd. for $34,680,013.93. This strategic move, finalized on October 13, 2025, marks KFintech's entry as the sole promoter of Ascent, a rapidly growing global fund administrator.

The acquisition significantly expands KFintech's global fund administration Assets Under Administration (AUA) to approximately $340 bn. The transaction is fully funded through internal accruals, with the remaining 49% of Ascent scheduled for acquisition in three equal tranches after fiscal years 2028, 2029, and 2030, linked to defined EBITDA milestones.

This move solidifies KFintech's position in the global fund administration industry, diversifying its revenue mix and geographic exposure across private and public market asset classes. Ascent, with a 3-year CAGR of 33% and revenue of $17.5 m for the financial year ending July 31, 2025, operates across 18 geographies, managing over $26 bn in assets.