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Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund

1. Northern Trust expands partnership with Alchemy Partners for new fund services. 2. Alchemy's fund surpassed €1 billion target, enhancing NTRS's asset servicing business.

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FAQ

Why Bullish?

The expansion of services signifies growth potential, similar to past partnerships that boosted NTRS revenues.

How important is it?

The article highlights a strategic partnership that can potentially drive significant assets and revenues for NTRS.

Why Long Term?

Increased asset management capacity may yield sustained revenue growth over time, affecting long-term valuation.

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NTRSALCHY
LONDON & GUERNSEY--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) is expanding its relationship with Alchemy Partners, a private equity firm, to deliver asset servicing solutions for its latest special opportunities fund, Alchemy Special Opportunities Fund V L.P. (‘ASOF V'). ASOF V surpassed Alchemy's fundraising target, securing total commitments of approximately EUR €1 billion (around US$1.03 billion). Northern Trust will continue to provide Alchemy with a range of services from its Guernsey.

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