KFin Tech acquires 51% in Ascent fund

KFin Technologies is acquiring a 51% stake in Ascent Fund Services for $34.7 million.

KFin, best known for managing mutual fund processing and registrar services, is one of India’s leading issuer solutions platforms. It works with asset managers, pension funds, and corporates across markets, handling everything from IPO processing to shareholder records.

Ascent, is a Mauritius-based fund administrator specializing in hedge funds, private equity, and VC fund services.

The deal gives KFintech a direct entry into offshore fund management, with Mauritius being a critical hub for global AIFs.

Zoom out: fund administration may not be glamorous, but it's mission-critical. With India's capital markets booming and retail participation hitting new highs, issuer solutions are becoming the invisible backbone of financial infrastructure.