Press Releases

Press Releases

Garoud Capital Partners announced, today, the signing of an exclusive business agreement between Vistra (Luxembourg) and Garoud Capital Partners, which covers Vistra’s fund administration services, including services, such as, transfer agency and General Partner services (Update 1)

 

March 12, 2024, Luxembourg

  

LUXEMBOURG - March 12, 2024 - Garoud Capital Partners announced, today, the signing of an exclusive business agreement between Vistra (Luxembourg) and Garoud Capital Partners, which covers Vistra’s fund administration services, including services, such as, transfer agency and General Partner services. The agreement marks a crucial building block for Garoud Capital Partners, which is delighted to have a leading fund administrator with a global footprint by its side. Vistra’s vast experience servicing some of the top private equity fund managers will prove to be the perfect partner as Garoud Capital Partners launched its alternative investment firm in 2024, and will be investing in disruptive Tech-Startups, globally. In addition, Vistra is different from other administrators in the sense that despite the fact that Vistra is a global firm, clients are also being offered tailored solutions.

 

“It is a privilege to be partnering with Vistra, and this business agreement marks an incredibly exciting chapter for our Luxembourg-operations, as Vistra is expected to be creating enormous opportunities for the firm, mostly due to the multi-layers of capacities provided by Vistra,” said, Djamal Garoud, Founder & Principal of Garoud Capital Partners. 

Joost Knabben, Commercial Director at Vistra Luxembourg added: “We are delighted to announce our latest partnership with Garoud Capital Partners, which emphasises our commitment to delivering exceptional value to our clients and stakeholders. Showing a genuine interest in the business plan and taking the time to truly comprehend our clients’ needs and best operational set-up, reflects how Vistra is different from its competitors. Therefore, this partnership is not just about expanding our service offerings, it’s about reshaping how we work behind the scenes to be more efficient, responsive, and agile. We are committed to leveraging this collaboration to enhance our capabilities, improve client satisfaction, and drive sustainable growth.”

About Vistra

Vistra and Tricor joined forces to become the industry leader in fund and corporate services. Vistra services over 300 private equity clients globally, including some of the largest private equity and debt fund managers in the world. The firm has over USD 500 billion in assets under administration, with more than 200,000 structures being administered. In addition, Vistra has over 9,000 industry experts, spread across 100 offices, worldwide, in more than 50 jurisdictions. Vistra manages thousands of SPVs, i.e. holdings, financing vehicles and portfolio companies being part of private equity structures. Across the globe, Vistra's teams understand the unique needs and demands of private equity managers, and its teams participate in industry bodies and are frequently sought out to speak at conferences sharing their expertise for the industry as a whole. Further information about the company is available at, www.vistra.com.

About Garoud Capital Partners 

 

Garoud Capital Partners is an independent and active Early-Stage Venture Capital firm incorporated in Luxembourg in 2024, which partners with daring Founders in the capacity as General Partner and capital allocator. The firm invests in disruptive Tech-Startups, across sectors, ripe for scaling globally and taking-on major addressable markets, and is committed to investing from seed-stage and pre-growth; thus supporting visionaries across all stages in seeking-out the very full potential. Knowing first-hand building great companies rarely involves a straightforward trajectory, Garoud Capital Partners remains along the side at all stages, backing Founders throughout the growth-lifecycle. While geographical bias is being placed towards Saudi Arabia and the GCC, the firm’s approach towards assessing and sizing the market remains the same regardless of market. Garoud Capital Partners applies a bottom-up methodology when trying to grasp and gauge the market; this predominantly involves sticking to fundamentals and reasonable assumptions. Further information about the company is available at, www.garoudcapital.com.

Contacts For Vistra

 

Joost Knabben

Commercial Director, Vistra

+352 422 229 530

joost.knabben@vistra.com

 

Amel Marzoug

Head of Marketing for EMEA, Vistra

+352 422 229 466

amel.marzoug@vistra.com

 

Contact For Garoud Capital Partners 

 

Djamal Garoud

Founder & Principal of Garoud Capital Partners

contact@garoudcapital.com