Vistra Fund Management (VFM) announced on Friday 14 February 2025 that it has completed its merger with Kroll (Luxembourg) Management Company, following the receipt of all necessary regulatory approvals in January 2025. As a result, Kroll’s Luxembourg legal entity has been dissolved and absorbed into VFM. The .

Kroll Luxembourg fully separated from its parent company, Kroll, in August 2024, and has since received approval from the Financial Sector Supervisory Commission (CSSF) to proceed with the merger. The newly formed entity now employs 45 people, integrating personnel from both Kroll and VFM.

The merger significantly enhances VFM’s licensing portfolio, allowing the firm to manage a broader range of investment strategies under the alternative investment fund managers directive (AIFMD) and Ucits regulations. The combined entity will manage both liquid assets, such as long-only and hedge strategies, and illiquid assets, including private debt, real estate, private equity and infrastructure.

, managing director and conducting officer of VFM, commented that the merger strengthens the firm’s position in the Luxembourg market, enabling it to offer general partners access to a wider range of asset classes. He highlighted that clients would benefit from a larger, more experienced team, which would improve overall service delivery.

Anil Singh, managing director of VFM, expressed enthusiasm about the merger’s completion, emphasising that VFM, now a unified entity with Kroll, is excited to continue supporting fund managers with enhanced strategies and leverage the expertise of the expanded team.