German fintech Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has taken a $60.4m / €50 million minority investment from growth investor Summit Partners. Widely regarded as something of a disruptor in the global indexing industry, Solactive is benefitting from the ongoing and significant shift of active to passive investment strategies. Although Europe-based, it has more than 400 clients worldwide, including major investment banks, ETF providers and hedge funds, with more than $200 billion of global assets linked to more than 17,000 Solactive…
