Record Financial Group is taking a 50% stake in Admicasa Fondsleitung AG, a Swiss real estate investment manager, as it continues to expand its private markets business.
The agreement was signed on 1 July 2026 through RAM Swiss Holding AG, a subsidiary of Record Financial Group and part of the Record Asset Management group. Completion remains subject to regulatory approval.
Admicasa is regulated by FINMA and manages around CHF 600 million in assets and real estate projects. Its clients include pension funds, family offices and professional investors. The business focuses on Swiss real estate investment vehicles and property-related investment projects.
The deal gives Record a direct position in Swiss real estate through a local regulated manager. It also adds a new private markets channel to a group that has been expanding beyond its traditional focus on currency and risk management.
Record already has a strong base in Switzerland. It manages USD 67 billion for Swiss clients and has had an office in Zurich since 2017. The Admicasa stake therefore builds on an existing market position rather than starting from a new geography.
Record manages USD 115 billion for institutional clients worldwide. Its client base includes pension funds, foundations, sovereign institutions and other asset managers. The group has offices in London, Hamburg, Zurich, New York and Hong Kong.
Private markets are already important to Record’s business. They account for about one third of group revenues and include areas such as emerging markets local debt, infrastructure equity and private credit. Adding Swiss real estate broadens that platform and gives the company another way to serve institutional clients seeking access to private assets.
Record plc (LON:REC) develops bespoke, high-quality, sophisticated solutions for institutional investors, a unique offering stemming from Record’s knowledge and expertise gained from its core currency hedging markets.
