BY BLAKE J. NOAH & TOM P. M. MEGANCK
30.03.2023

Palmela is thrilled to receive a strategic growth investment from Monaco-based bespoke family office, SquareTwo.

“We are delighted that SquareTwo have given us their vote of confidence with this investment. With our joint network, experience and expertise, we have no doubt that we can offer something unique to the private client sector,” said Palmela Co-Founders and Managing Directors Tom P.M. Meganck and Blake J. Noah.

“Being backed by a family office enables us to offer top-quality service and become the ultimate home for our clients and their families,” he continued. “We look forward to expanding our community of partners and clients as Palmela starts its next phase of growth.”

Launched in 2022, Palmela is a full-suite corporate services provider for private clients and institutional investors. The team specialises multi-jurisdictional structuring, alternative assets, impact, next generation and entrepreneurial wealth. Co-founders Tom and Blake bring a wealth of experience in luxury asset management and family office — and a flair for the creative. The pair brings a new perspective to the private client space.

 "Our stake in Palmela is a testament to our confidence and belief in its founders,” said Edgar Reijtenbagh, Managing Director of SquareTwo. “This partnership cements a long-standing relationship of mutual trust and partnership between the managing directors of both companies. We are confident that this partnership will bring long-term benefits for both companies. The two firms have already identified several areas where they can collaborate and leverage each other’s strengths and networks in order to drive growth.”