The private equity firm Mayfair Equity Partners has invested in VG, a New Jersey-based private wealth adviser and fund administration services firm founded in 1982. Mayfair will gain a majority stake in VG and says it could lead to further strategic M&A in the trust and corporate services market.
VG joins an existing Mayfair portfolio covering roughly $2.6 billion in assets under management. Since its 2022 fiscal year, VG has delivered client revenue growth of 28% per annum.
“Mayfair is the perfect partner for VG,” said Iain Mason, managing director of VG. “Its active partnership approach and the operational expertise of its specialist team will enable us to implement our strategy quickly and with confidence. This includes broadening VG’s jurisdictional footprint, the delivery of new products and services, and harnessing technology for the benefit of all our clients.”