UK-based fund fees and expense data provider Fitz Partners has been acquired by Belgian regulatory and risk solution provider RiskConcile, in partnership with private equity firm Main Capital Partners.

The transaction marks the “first step” in the international buy-and-build strategy adopted by RiskConcile since partnering with Main Capital Partners in June 2024.

Fitz Partners was founded in 2013 and provides proprietary fund fees and expense data for the European asset and fund management industry.

The firm provides databases and reporting solutions that include fee and expense breakdowns, seeking to support managers in conducting cost reviews and making informed strategic decisions.

More than 65 global asset and fund management firms use Fitz Partners’ solutions, with coverage across the UK and cross-border fund markets, and it is expanding its fee data coverage and board reporting service to cover the local French fund market in the coming months.

Main Capital Partners emphasised that regulatory pressures, investor demands, and transparency expectations were rising in the European fund industry, with asset managers seeking efficient and reliable reporting solutions.

It argued that RiskConcile and Fitz Partners were “uniquely positioned” to meet these challenges by providing an integrated solution that would combine proprietary fund data, advanced regulatory reporting, and risk‑calculation capabilities.

“We are delighted to welcome the Fitz Partners team to RiskConcile,” said RiskConcile co-founder and CEO, Jan De Spiegeleer. “Its proprietary fund fee database combined with its reporting expertise is a strong addition to our cloud-based risk and reporting platform.

“Together, we are uniquely positioned to help asset managers and fund management companies even better navigate an increasingly complex regulatory landscape with greater efficiency, insight and confidence.”

Fitz Partners founder and CEO, Hugues Gillibert, commented: “I am extremely pleased to have found a partner in RiskConcile that will allow Fitz Partners to continue its expansion while keeping the same culture of excellence and quality recognised across our industry.

“The synergies between our two firms are immense, and we are looking forward to providing even greater support and market intelligence solutions to our UK and cross-border clients. We are also expecting many more years of growth and success with a new focus on local fund domiciles.”

Main Capital Partners investment director and RiskConcile board of directors chair, Jorn de Ruijter, added: “The acquisition of Fitz Partners represents a major step towards building a pan‑European leader in regulatory technology for the fund industry and perfectly aligns with our strategy to build market‑leading software groups.

“Through this collaboration, we create a stronger and more comprehensive organisation that is able to deliver greater value to asset managers and fund management companies.

"It also reinforces Main’s ability to source and execute cross‑border transactions in strategic markets such as the UK, where we see significant opportunities for continued growth.”

---