Northern Trust to administer new water-focused fund for Emerald

Northern Trust has been selected by Emerald Technology Ventures AG to provide fund administration, global custody and banking services for its sixth new fund launch – the Guernsey-domiciled Emerald Global Water Impact Fund LP. The USD100m fund is making investments in early and expansion stage companies in the water technology sector with the aim of solving global water problems. Northern Trust has been working with Emerald since 2000, over which time it has supported Emerald’s six launches, and collaborated on blockchain deployment in the private equity space.