Juniper Square has completed the previously announced acquisition of Forstone (Luxembourg) to establish a new operating entity under the name Juniper Square Luxembourg.
The move enhances the firm’s international service capacity for private markets general partners, particularly those managing Luxembourg-domiciled investment funds.
With the acquisition, Juniper Square gains a direct foothold in Luxembourg, the world’s largest hub for cross-border fund distribution. Industry data estimates that approximately €1.3 trillion in private market assets are domiciled in the country, marking a significant milestone in Juniper Square’s global growth strategy.
Juniper Square CEO and co-founder Alex Robinson said: “We’re thrilled to officially welcome Juniper Square Luxembourg to the team and their deep industry expertise and Luxembourg market knowledge will help further our vision of making the private markets more efficient, transparent, and accessible.
“Luxembourg plays a central role in global private markets and we view our presence – and continued investment – in Luxembourg as critical to our clients. Now we can deliver fund administration services that are deeply integrated with the investor management platform already trusted by clients at global scale.”
The announcement follows a definitive agreement first disclosed in October 2024. At the time, Juniper Square had revealed its intention to acquire Forstone Luxembourg, a subsidiary of Forstone Group, as part of its efforts to expand the availability of integrated fund administration services across Europe.
The transaction was subject to standard regulatory clearances, which have now been fulfilled.
Juniper Square stated that the creation of Juniper Square Luxembourg will allow it to extend its connected software and administration platform to fund managers operating out of Luxembourg.
The company currently supports over 2,100 general partners across a wide range of private asset classes, including real estate, private equity, and venture capital.
Forstone Luxembourg, founded in 2021, provides a suite of services including fund administration and transfer agency operations. Through the acquisition, Juniper Square is expected to bolster its capabilities in European fund administration and support clients handling cross-border operations more efficiently.
The company highlighted that this geographic expansion aligns with its broader commitment to offer a globally integrated experience for private fund managers.
Forstone Group will continue to operate independently, focusing on its strategic goals within the Luxembourg financial market. Its core services, including bookkeeping and consulting, will remain active, with continued emphasis on supporting clients in the private markets and real estate sectors.
The addition of a Luxembourg entity enables Juniper Square to address increasing demand from clients seeking a single-source provider for both fund software and regulated administration services, especially in jurisdictions central to global fund flows.
