Arcesium Acquires Limina to Build Unified Front-to-Back Platform for Investment Managers
Arcesium has acquired Stockholm-based portfolio and order management systems provider Limina, moving decisively into the front office as demand accelerates for integrated, front-to-back operating platforms across the investment management industry.
The deal brings Limina’s portfolio and order management (P/OMS) technology into Arcesium’s existing middle- and back-office infrastructure, creating what the firms describe as a connected platform spanning the full investment lifecycle. The combined offering is designed to reduce legacy fragmentation, connect siloed datasets, and deliver a single operating model for asset managers, hedge funds and asset owners managing multi-asset strategies across global markets.
The acquisition is Arcesium’s first and positions the company to compete more directly in a market where institutions are increasingly prioritising consolidation, workflow automation and intraday visibility over standalone best-of-breed tools that often require complex integrations.
Limina’s P/OMS Adds Front-Office Capability to Arcesium’s Middle- and Back-Office Stack
Arcesium said Limina will be integrated into its existing platform to deliver an end-to-end operating environment that connects investment decision-making, order execution workflows, and downstream operations and analytics.
“Acquisition of P/OMS provider Limina answers industry’s need for a connected platform powering every stage of the investment lifecycle with advanced data, operations and analytics,” the firms said in the announcement.
Arcesium CEO Gaurav Suri framed the deal as a major milestone for the firm and a cultural fit rooted in real-world investment operations.
“This marks a watershed moment for Arcesium as we complete our first acquisition and welcome the talented people at Limina to our team,” Suri said. “Both floors, bringing a commitment to solving real client challenges, a deep understanding of sophisticated investment operations, and a culture rooted in continuous improvement.”
He added: “With the addition of Limina’s front-office answers, Arcesium will expand its global client relationships, providing investment firms with the integrated technology they need to scale their strategies amid increasing market complexity.”
The strategic logic is clear: Arcesium already serves large institutions with post-trade processing, data management and operational infrastructure. By adding a front-office layer via Limina, it can now offer a single platform that begins at portfolio construction and order management and extends through reconciliation, reporting and analytics.
Takeaway
Limina Team Joins Arcesium as Product Roadmap Shifts Toward Full Lifecycle Coverage
Arcesium said the entire Limina team will join the company and will contribute to ongoing product development. Limina CEO Kristoffer Fürst will also join Arcesium and report to Bryan Dougherty, Arcesium’s President, Product and Technology.
FĂĽrst positioned the acquisition as a step toward unifying workflows and creating a consistent data foundation across investment processes.
“For more than a decade, Limina has been challenging the status quo and shaping a new era of investment management technology,” Fürst said. “We are thrilled to join Arcesium and bring our teams together to provide our collective clients with a more comprehensive front-to-back offering and access to industry-leading expertise across every aspect of the investment lifecycle.”
He added: “Whether the goal for investment managers is to improve scalability, launch new products to market quicker, or adapt dynamically to evolving conditions, the key enabler is having unified workflows from a single platform and a consistent source of reliable data to efficiently and confidently manage their investment processes.”
Limina’s positioning as a cloud-native, multi-asset platform was highlighted as a key strategic fit, complementing Arcesium’s enterprise data management capabilities and existing middle- and back-office technology. The companies said the combined offering will deliver an end-to-end platform with a modular operating model engineered to modernise and increase operational speed.
The deal also reflects a wider trend across institutional investment technology: consolidation is no longer only about cost reduction, but about enabling quicker product launches, stronger controls and improved transparency in increasingly automated and multi-venue markets.
Takeaway
European Expansion Angle Strengthens Arcesium’s Global Platform Narrative
Arcesium said the acquisition will deepen its market penetration in Europe while supporting continued growth across the U.S. and other international markets. The company framed the deal as part of a broader expansion strategy, following the announcement of its Hong Kong office earlier this year and the addition of a Lisbon office in .
For Arcesium, which services large-scale institutional clients, regional expansion is not just a footprint exercise. It supports operational coverage across time zones, local client servicing, and regulatory complexity—particularly as global run increasingly interconnected strategies spanning public and private markets.
The transaction also reinforces Arcesium’s narrative as an infrastructure provider built for scale. The company said it currently services over $5.3 trillion in gross AUM and over $1.2 trillion in trade-side capital balances, and has modelled more than 160 million investments to date. The platform was originally developed and tested by the D. E. Shaw group and launched as a joint venture with Blackstone Multi-Asset , with J.P. Morgan later making a strategic investment.
Advisors on the transaction included OPCO Advisory Services for Arcesium and Zelig Associates for Limina.
With this acquisition, Arcesium is betting that the next phase of investment operations will be platform-led—where a unified dataset and workflow layer becomes the diverseiator in an industry still burdened by fragmented systems and high integration costs.
