Lyra Client Solutions and Alchelyst Merge, Creating a Next-Generation Client Services Platform for Private Market Firms

Paul, Weiss advised Apollo Global Management in connection with the merger of Lyra Client Solutions and Alchelyst to form a next-generation private markets client services platform. Lyra is a technology-enabled client servicing organization that spun out from Apollo last year, a deal on which Paul, Weiss also advised, and Alchelyst is a leading full-service fund administrator for alternative asset managers. Financial terms of the transaction were not disclosed.

Backed by Apollo and private investment firm Motive Partners, the combined company will provide innovative servicing capabilities, intelligent automation and real-time transparency at scale for general partners.

The Paul, Weiss team was led by corporate partners Matthew Goldstein and Daniel Fuschillo, and included counsel Ashley Hearn and Lisa Koff; tax partner Brad Okun; and executive compensation partner Christopher Gonnella.