8th January 2026
We are pleased to announce that portfolio company Vanda, a global leader of high-frequency positioning data and tactical macro insights, has acquired Exante Data Inc. (‘Exante Data’), an innovative data analytics and global macro strategy provider.
Vanda was FPE’s sixth investment from FPE Fund III, the firm’s second specialist software, data and services fund. Through this investment, FPE is supporting Vanda in expanding its capabilities and market reach, significantly strengthening the company’s data, analytics and global macro-offering. The result is a combined business that offers a unique portfolio of must-have data, research and analytical solutions for the global investor community, with leading capabilities in tactical and structural flow and positioning analysis.
Vanda is the market leader in tactical positioning and flow data, serving a global client base that includes the world’s largest investment banks, hedge funds, central banks, sovereign wealth funds and other leading asset managers. Exante Data, led by Jens Nordvig, is one of the world’s most respected providers of macro strategy and capital flow analysis, supporting more than 100 of the world’s largest and most sophisticated institutional investors. Together, the two businesses combine deep expertise in positioning analysis and flow analysis to deliver data-driven insights across all major asset classes. Jens Nordvig will assume the role of President and join the Board of Directors of the combined company.
Angus Hume, CEO of Vanda We are excited to welcome Exante Data to Vanda and to collaborate with Jens, whose expertise has shaped one of the most respected macro intelligence firms in the industry. This is a major step toward building Vanda Analytics, the category-defining digital macro strategist, which we will launch later this year. Exante Data’s macro expertise and technology stack perfectly complements Vanda’s strengths. Together, we will provide unmatched cross-asset data and insight to the world’s leading institutions.
Chris Kay, Partner at FPE We’re thrilled to support Vanda in this next strategic step. Exante Data adds highly complementary proprietary datasets and macro capability, strengthening Vanda’s cross-asset platform today and accelerating the Vanda Analytics roadmap. Together, the group is well positioned to deliver deeper insight to institutional clients globally and sustain strong growth in a rapidly evolving market.
The FPE investment was led by Chris Kay and Sam Greenberg and supported by additional financing from Santander. Vanda was advised on the transaction by BDO (Financial and Tax), Stephenson Harwood (Legal), Troutman Pepper Locke (US Legal), and Plural Strategy (Commercial).