3i To Sell Butterfield Fulcrum To Carlyle

Carlyle Group is seeking to acquire Butterfield Fulcrum Group from U.K. buy-out firm, 3i.

Carlyle Group is seeking to acquire Butterfield Fulcrum Group (BFG) from U.K. buy-out firm, 3i, HFMWeek reports. Hedge fund administrator, SS&C, is also considering making an offer for the business. BFG presently has around $60 billion of hedge fund assets. 3i funded the merger of Bermuda-based hedge fund administrator, Fulcrum Group and Butterfield Fund Services two and a half years ago.

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