Lyra: New Spin-out from Apollo and Motive Partners
Deal News | Mar 06, 2025 | Apollo
Motive Partners, a private equity firm focused on financial technology, and Apollo, a global alternative asset manager, announced the launch of a new company named Lyra Client Solutions Holdings, LLC. The venture marks a spin-out from Apollo’s client services division, aimed at offering innovative client-servicing solutions to the institutional and wealth channels. Private markets are witnessing rapid growth, prompting a demand for top-tier, technology-driven client services to maintain efficiency and quality. With this new launch, Lyra is set to offer scalable, high-end service solutions, including pre-trade, onboarding, and post-trade services. Eileen Sivolella, a seasoned executive with past tenures at Advent International and Bain Capital, has been appointed as the Board Chair and Independent Director. Motive Partners and Apollo have invested in Lyra to support its growth and commercialization. The company's mission is to enhance access to private markets through technological advancements and excellent service delivery, reinforcing the importance of private markets in the asset management landscape.
Sectors
- Financial Technology
- Private Equity
- Asset Management
Geography
- United States – Headquarters and main activities of Apollo and Motive Partners are in the U.S., and Lyra is being launched from Apollo’s client services division.
- North America and Europe – Motive Partners has offices in New York and focuses on investments in North American and European companies, indicating the geographical focus of their operations.
Industry
- Financial Technology – Lyra is part of the financial technology sector, offering technology-driven client-service solutions to enhance client experience and operational efficiency in the private markets.
- Private Equity – Lyra's launch is supported by private equity firms Motive Partners and Apollo, who are investing capital to support its growth and commercialization.
- Asset Management – Lyra aims to provide innovative solutions to asset managers, wealth managers, and their clients, contributing to the evolving asset management industry.
Financials
- $751 billion – Assets under management by Apollo as of December 31, 2024.
- $90 billion – Assets under management by Advent International where Eileen Sivolella previously served.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lyra Client Solutions Holdings, LLC | Target Company | Company | A newly formed company to provide technology and operations capabilities in client servicing. |
| Apollo | PE Firm | Company | A global alternative asset manager that has spun out Lyra from its client services division. |
| Motive Partners | PE Firm | Company | A private equity firm focusing on financial technology, investing in Lyra alongside Apollo. |
| Eileen Sivolella | Board Chair and Independent Director | Person | Appointed as the Board Chair for Lyra, bringing extensive experience from Advent International and Bain Capital. |
| Scott Kauffman | Commentator | Person | Founding Partner and Head of the Investment Team at Motive Partners, commenting on the significance of Lyra. |
| Stephanie Drescher | Commentator | Person | Partner and Chief Client & Product Development Officer at Apollo, highlighting the importance of client experience. |
| Neil Cochrane | Commentator | Person | Partner on the Investment Team at Motive Partners, discussing the technological goals of Lyra. |