Motive Partners and Apollo Unveil Lyra Client Solutions
Motive Partners (“Motive”), a specialized private equity firm with a dedicated focus on financial technology, and Apollo Global Management (NYSE: APO), a leading global alternative asset manager, have announced the launch of Lyra Client Solutions Holdings, LLC (“Lyra”). This new entity, spun out from Apollo’s client services division, is poised to revolutionize client-servicing solutions by leveraging cutting-edge technology and operational capabilities. Designed to enhance both efficiency and the client experience, Lyra will cater to the institutional and wealth management sectors, offering a suite of scalable, white-glove services that address the industry’s evolving demands.
The Evolution of Private Markets and the Need for Scalable Solutions
The private markets industry is experiencing unprecedented growth, driven by continuous product innovation, evolving portfolio allocations, and an expanding investor base. As alternative asset management continues to gain traction, fund managers are under increasing pressure not only to deliver superior investment products and robust returns but also to provide an exceptional level of client service. However, sustaining these high service levels has become increasingly complex, particularly as firms navigate cost pressures, operational inefficiencies, and the need for scalable solutions.
Lyra emerges as a timely response to these challenges, offering a best-in-class client-servicing solution that integrates next-generation technology with a deep bench of operational expertise. By addressing key pain points such as pre-trade, onboarding, and post-trade capabilities, Lyra aims to streamline processes and improve the overall client experience for both institutional and wealth management clients.
Strategic Investments and Industry Backing
Motive and Apollo have both made strategic capital investments in Lyra, underscoring their commitment to building a company that will redefine the private markets servicing landscape. With their backing, Lyra is well-positioned to commercialize its offerings and stand out as a leading provider of technology-driven client servicing solutions.
Apollo, which has long been a dominant player in the private markets, recognizes the growing importance of client experience in driving investor confidence and satisfaction. By spinning out Lyra as an independent entity, Apollo aims to ensure that the firm remains at the forefront of innovation in alternative investment servicing. Meanwhile, Motive Partners, known for its targeted investments in financial technology, sees Lyra as a key component of its broader strategy to modernize and scale private market operations through technological advancements.
Leadership and Expertise: Eileen Sivolella Joins as Board Chair
A critical element of Lyra’s future success will be its leadership team, and the firm has already secured top-tier talent with the appointment of Eileen Sivolella as Chair of the Board and Independent Director. Sivolella brings an extensive background in financial leadership and private equity operations, having most recently served as Managing Director and Global Chief Financial Officer at Advent International, where she played a pivotal role in overseeing financial strategy for a firm managing over $90 billion in assets.
Prior to her tenure at Advent, Sivolella held key positions at Bain Capital, where she served as Global Chief Financial Officer and was actively involved in the firm’s valuation, operational audit, and compensation committees. Additionally, her experience as a Partner at Deloitte, where she was a founding member of the firm’s private equity practice in New York, further cements her reputation as a seasoned leader with deep expertise in financial operations and asset management.
Her addition to Lyra’s board signals the firm’s commitment to operational excellence, governance, and strategic growth as it seeks to establish itself as a premier player in the private markets client-servicing space.
The Growing Importance of Technology in Private Markets
Private market investments have historically been characterized by limited accessibility, high barriers to entry, and operational inefficiencies. However, technology is rapidly changing the landscape, allowing asset managers to scale their operations, reduce costs, and enhance service delivery.
About Motive
Motive Partners is a specialist private equity firm with offices in New York City, London and Berlin, focusing on growth equity and buyout investments in software and information services companies based in North America and Europe and serving five primary subsectors: Banking & Payments, Capital Markets, Data & Analytics, Investment Management and Insurance. Motive Partners brings differentiated expertise, connectivity and capabilities to create long-term value in financial technology companies. Motive Ventures is the early-stage investment arm of Motive Partners, focused on pre-seed through to Series A financial technology investments in North America and Europe.
