Global financial technology provider Arcesium has acquired Stockholm-based Limina, a specialist in portfolio and order management (P/OMS) systems, to create a comprehensive front-to-back operating platform for asset managers, hedge funds, and asset owners.
The acquisition is designed to integrate Limina’s P/OMS with Arcesium’s existing middle- and back-office solutions. This combined offering aims to address legacy fragmentation and connect siloed data, providing investment managers with improved speed and insight for operations across various asset classes and global markets.
All Limina team members will join Arcesium, with Limina CEO Kristoffer Fürst reporting to Bryan Dougherty, Arcesium President of Product and Technology. This integration is intended to bolster ongoing product development and optimize the pre- and post-investment journey for sophisticated financial firms.
Gaurav Suri, CEO of Arcesium, commented on the acquisition, stating, “This marks a watershed moment for Arcesium as we complete our first acquisition and welcome the talented people at Limina to our team.” He added that both firms share a commitment to solving client challenges, a deep understanding of investment operations, and a culture of continuous improvement, which will allow Arcesium to expand its global client relationships and provide integrated technology to navigate market complexity.
Limina’s cloud-native architecture and multi-asset coverage are cited as complementary to Arcesium’s enterprise data management and middle- and back-office technology. The combined platform is expected to offer institutions an end-to-end solution with a modular operating model, engineered to transform data-based workflows and facilitate growth.
Kristoffer Fürst, Limina Founder and CEO, expressed enthusiasm for joining Arcesium, highlighting Limina’s decade-long commitment to innovation in investment management technology. Fürst stated, “We are thrilled to join Arcesium and bring our teams together to provide our collective clients with a more comprehensive front-to-back offering and access to industry-leading expertise across every aspect of the investment lifecycle.” He emphasized that unified workflows from a single platform and reliable data are key for investment managers to improve scalability, launch products faster, and adapt dynamically to market conditions, which the combined entity will enable through a modern, user-centric experience delivering efficiency and intraday visibility.
The acquisition is also expected to strengthen Arcesium’s global presence and deepen its market penetration in Europe, while positioning the firm for continued growth in the U.
S. and other international markets. This follows Arcesium’s recent announcements of a Hong Kong office in January and a Lisbon office in 2024.
Arcesium, a global financial technology company, delivers pre- and post-investment and enterprise data management solutions to a range of sophisticated financial institutions, including private market firms, hedge funds, and institutional asset managers. Its cloud-native technology is designed to systematize complex workflows and help clients scale, servicing over $5.3 trillion in gross AUM and $1.2 trillion in sell-side capital balances. The company was developed from a platform by the D. E. Shaw group and launched as a joint venture with Blackstone Multi-Asset Investing, later receiving a strategic investment from J.
P. Morgan. Arcesium currently employs over 2,300 professionals.
Limina, founded in 2014 and headquartered in Stockholm, Sweden, specializes in modern software solutions for the investment management industry. Its cloud-native, multi-asset investment management platform covers front- and middle-office workflows, aiming to enhance efficiency, data transparency, and decision-making for asset managers, hedge funds, and asset owners.
OPCO Advisory Services advised Arcesium on the transaction, while Zelig Associates advised Limina.
