While financial terms of the deal were not disclosed, proceeds from the investment will be used to accelerate Calastone's international expansion and support the development of new products. The company currently serves more than 2,300 clients across 43 countries, processing approximately '200bn in investment value each month. CEO Julien Hammerson praised the firm's decade-long progress and its proprietary Distributed Market Infrastructure (DMI) platform, which leverages blockchain technology to fully automate fund transactions. Fernando Chueca, managing director at The Carlyle Group, added: 'Calastone is a global leader in funds technology. We are excited to back Julien and the management team as they scale the business into its next chapter.' Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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