Alchelyst, the Ireland-based fund administrator for alternative asset managers, and Lyra Client Solutions, a client servicing organisation spun out from Apollo, have announced a merger to form a private markets servicing platform purpose-built to transform the investor experience across the institutional and global wealth channels. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
Backed by Motive Partners, a private investment firm exclusively focused on financial technology, and Apollo, the combined organisation will provide differentiated capabilities across fund administration and client servicing. The combined company will be led by Joan Kehoe, co-founder and CEO of Alchelyst. She previously served as global head of alternative investment services at J.P. Morgan.