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GLAS secures major backing to support expansion after EY success

Published: January 5, 2026 at 5:02 pm

GLAS has entered 2026 with new backing after securing Oakley Capital and La Caisse as strategic partners to support its next phase of growth.

Oakley has acquired a majority stake in the global loan administration and bond trustee services provider, with La Caisse taking a minority position and existing investor LLCP retaining a small holding.

Founded in 2011 by Mia Drennan, the London-based FinTech now operates across multiple regions and administers more than $750 billion in assets, benefiting from strong demand in the fast-growing private credit market.

The new investors will support international expansion, M&A activity and further investment in technology and AI capabilities.

Drennan will also represent the UK at the EY World Entrepreneur of the Year in May 2026 in Monaco.

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