Alchelyst, an alternative asset fund administrator, is merging with Lyra Client Solutions—recently spun out of Apollo and backed by Motive Partners—to create a new global private markets servicing platform. The combined entity will focus on advanced fund administration and client servicing with intelligent automation, real-time transparency, and expanded access for institutional and wealth investors. Upon closing in Q4 2025, Alchelyst founder and CEO Joan Kehoe will lead the merged company, supported by Apollo as a founding client and Motive Partners as a strategic backer.

Alchelyst Merges With Lyra, Forming New Servicing Platform For Private Markets