Capitolis Raises $220 Million at $1.9 Billion Valuation as eSecLending Deal Awaits Approval

Capitolis announced on October 6, 2026, that it had completed a $220 million equity-and-debt financing package, including a Series E round valuing the company at $1.9 billion. The financing comes as Capitolis pursues its agreed $200 million acquisition of eSecLending, a transaction that has not yet closed and remains subject to regulatory approvals and antitrust clearance.

The distinction matters: the financing is complete, but ownership of eSecLending has not changed under the pending deal. Capitolis entered into the all-cash acquisition agreement on September 29, a week before announcing the completed financing package.

Equity and debt behind the $220 million total

The package comprises $120 million in Series E equity financing and roughly $100 million in debt. The $1.9 billion valuation is attached to the equity round; it is not the purchase price for eSecLending. That price is $200 million in cash under the acquisition agreement.

Citi led the equity round. Bank of America, Nomura and Tradeweb Markets participated as new strategic investors, alongside existing investors Barclays, BNP Paribas, J.P. Morgan, State Street and UBS. First Citizens Innovation Banking, Hercules Capital and Pinegrove Venture Partners provided the debt financing.

The new valuation is approximately 19% higher than the $1.6 billion valuation established in Capitolis’ 2022 Series D round. The two figures mark the company’s reported valuations at separate funding rounds; the newly announced $220 million is the combined amount of equity and debt financing, rather than the size of the Series E equity round alone.

Capitolis announced the financing and the acquisition agreement as related developments, but the available terms do not specify how much, if any, of the new financing will be used to pay for the purchase. The funding amounts and the acquisition price therefore describe different parts of the company’s plans.

What the eSecLending agreement covers

The acquisition agreement calls for Capitolis to buy eSecLending in an all-cash transaction valued at $200 million. Seller Parthenon Capital is also reinvesting in Capitolis as part of the transaction structure. The available terms do not specify the size of that reinvestment.

One entity is explicitly outside the proposed purchase: eSecLending (Europe) Limited. It will continue providing services to eSecLending despite its exclusion from the acquisition. That arrangement makes the scope of the purchase narrower than an acquisition of every entity bearing the eSecLending name.

If the deal closes, eSecLending’s 120 employees will be integrated into Capitolis’ existing 200-person team. Those figures describe the teams identified in the transaction terms, not a completed integration. The employee plan, like the transfer of the business itself, depends on closing.

The remaining approvals are a substantive next step. Until regulatory approvals and antitrust clearance are obtained and the transaction closes, Capitolis’ agreement to acquire eSecLending should not be treated as a completed purchase.

Acquisition history and transaction advisers

The eSecLending agreement would mark Capitolis’ fourth strategic purchase in five years. Its earlier deals include the acquisition of 20 Gates in February 2026 and a $46 million deal for BGC Group’s Capitalab. Those transactions provide context for the company’s acquisition activity, although the present agreement remains pending.

FT Partners and WilmerHale advised Capitolis on the eSecLending transaction. Berenson & Company, Raymond James, Troutman Pepper Locke and Debevoise & Plimpton advised eSecLending.

For now, the confirmed milestones are the signed $200 million acquisition agreement and the completed $220 million financing package. The proposed integration of eSecLending’s staff and the agreed purchase remain contingent on the acquisition receiving the required clearances and closing.