GlobeOp completes its IPO
GlobeOp Financial Services LLC, the provider of automated, state-of-the-art middle and back-office support services and fund administration for hedge funds, fund managers and high net worth family wealth managers, has successfully completed an initial public offering of its shares on the London Stock Exchange and raised $105 million in new equity capital. Lansdowne Capital was an early investor in this dynamic business. The IPO values Lansdowne Capital’s stake at almost six times the value of its initial 2000 investment.
