bunch takes majority stake in Luxembourg Fund Services, becomes regulated admin
What's the deal? Berlin-based fund operations platform bunch has completed its acquisition of a majority stake in Luxembourg Fund ServicesDealroom has a profile for this one. Try Dealroom → (LFS), gaining regulated fund administrator status in Europe's largest fund domicile. The transaction closed on October 23 following approval from the Commission de Surveillance du Secteur Financier (CSSF), with terms undisclosed. Founder Massimo Longoni and CFE Finance Group remain shareholders.
What each side brings: Founded in 2011, LFS holds Professional of the Financial Sector status and provides fund administration, accounting, transfer agency, domiciliation and corporate services. It posted €3.76m in turnover in 2025, up 14.3% year on year, with net profit of €320,043. bunch, founded in 2021, serves more than 150 managers, 500 structures and 12,000 investors across Europe.
Why now? bunch raised a $35m Series B in May, taking total funding above $58m and earmarking expansion in markets including Luxembourg. The LFS stake converts that ambition into a regulated local presence rather than a software sales push.
What changes for clients? LFS clients keep their existing teams and service. Over the coming months, bunch will introduce its technology gradually, starting with investor onboarding, capital calls and reporting, then extending to fund accounting and compliance.
The expansion angle: The deal marks bunch's formal arrival in Luxembourg, adding to operations in Berlin, London and Amsterdam. Longoni becomes chairman of the LFS board, while bunch co-founder Levent Altunel joins it.
The signal: The move fits a broader consolidation wave in Luxembourg fund services, where providers such as Alter DomusDealroom has a profile for this one. Try Dealroom → and Arendt Investor ServicesDealroom has a profile for this one. Try Dealroom → have drawn private-equity backing. It also mirrors competitor Carta, which obtained CSSF authorisation to offer Luxembourg fund administration directly. As Altunel put it: "Luxembourg doesn't need another software vendor. It needs administrators who can take on more funds, more investors and more reporting without the error rate going up."
Read more: bunch.capital
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