Carne Group announced a €100 million investment from Vitruvian Partners.

Carne Group, a Dublin, Ireland-based operator of a digital platform for the asset management industry, announces it has secured a €100 million ($121.6M) investment.

The money was raised from Vitruvian Partners and will be used to expand Carne’s client led technology solutions and will see Vitruvian Partners take a minority stake in the business. The investment is subject to regulatory approval.

Carne, founded in 2004 by CEO John Donohoe, is a provider of fund management solutions to the asset management industry, claiming that it is the largest third-party fund management company in the world.

Carne’s 350 employees in eight locations across the world manage the governance, compliance, regulatory and substance requirements for more than 550 of the world’s leading asset managers and institutional investors.

Carne’s industry leading technology platform, CORR (Compliance Oversight Risk & Reporting), helps asset managers to fulfil their compliance, risk and operational requirements with greater accuracy, efficiency and effectiveness through automated data acquisition, analysis, and real-time reporting. It allows asset managers and institutional investors to not only meet their compliance and regulatory obligations in multiple jurisdictions but puts them in full control of their business, reputational, operational, and financial risks. CORR, Carne’s command and control technology platform has seen rapid roll-out since launch and is already being used to oversee $2 trillion in assets.