IK Partners has agreed to acquire Trustmoore, an international boutique provider of fund and corporate services. The private equity firm is expanding its portfolio into the financial services infrastructure space. Deal terms were not disclosed in the announcement. Trustmoore serves clients across multiple jurisdictions, offering administration, compliance, and corporate governance support.

This acquisition aligns with a broader trend of private equity firms targeting niche, recurring-revenue businesses. The fund services sector is consolidating as scale becomes critical for managing complex regulatory demands. IK Partners gains a platform with sticky client relationships and operational expertise in a growing market.

Investors will watch for how IK integrates Trustmoore and whether it targets further add-on acquisitions. The move signals confidence in the durability of outsourced financial services. For the wider market, it highlights PE's continued appetite for stable cash-flow assets amid economic uncertainty.