BCI picks up minority stake in Zedra

• Corsair, Zedra’s existing majority investor, will remain the lead shareholder
• Zedra’s management team will retain a significant shareholding in the company
• BCI is an institutional investor, headquartered in Victoria, British Columbia

British Columbia Investment Management Corporation (BCI) has made a minority investment in Zedra, a global provider of active wealth, corporate and global expansion services.

No financial details of the transaction were disclosed.

Zedra is based in Geneva, Switzerland.

Corsair Capital, Zedra’s existing majority investor, will remain the lead shareholder following the transaction.

Corsair invested in Zedra in 2020.

“The corporate services, active wealth, pensions and fund solutions sector remains a core area of focus for BCI, and we look forward to generating attractive returns for our pension plan and insurance fund clients through this investment,” said Jim Pittman, executive VP & global head, private equity at BCI.

BCI’s investment will not affect Zedra’s ongoing operations, whose management team will continue to hold a significant shareholding in the company, according to a release.

BCI is an institutional investor, headquartered in Victoria, British Columbia. The firm has C$211.1 billion (€144.4 billion; $155.8 billion) assets under management as of 31 March 2022.

Corsair is a private equity firm focused on the financial and business services industries. The firm has offices in New York, and London.