Ballybunion Capital Limited and INDOS Financial (Ireland) Depositary Limited, two firms acquired by JTC in 2021, have been appointed to provide AIFM and depositary services respectively to Adit Global Growth, ILP. The fund, which will be distributed across a number of European countries and the UK, is expected to raise up to USD50m.
Month: February 2022
Ocorian supports SilkRoad with new RE fund
Ocorian, the C.I.-based administrator, has supported SilkRoad Property Partners, a private equity real estate firm, with the first close of its Core-plus real estate fund at USD144m.
Apex to administer new crypto fund
Apex has been appointed to provide fund administration and transfer agency services for the NEOR Crypto Volatility Fund. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is…
BP2S wins India mandate for AIMCo
BNP Paribas Securities Services has been appointed by Canada’s Alberta Investment Management Corporation to provide custody, clearing and settlement services for its recent investment into India. AIMCo is among a number of international investors to commit to India’s first renewable energy infrastructure investment trust, Virescent Renewable Energy Trust. AIMCo is one of Canada’s largest institutional…
Charles River partners with Precisely
Charles River Development, a State Street company, has formed an alliance with Precisely, a data integrity specialist. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha data platform to provide streamlined governance, lineage, and cataloguing capabilities.
JTC partners with onboarding specialist
JTC Americas (formerly NES Financial) has entered into an agreement with VENTURE.co Holdings, Inc. to deliver an improved investor onboarding process. VENTURE.co is a U.S.-based software-as-a-service company offering an integrated virtual data room, distribution management tools, and automated document processing for fund and private equity sponsors, broker-dealers and RIA firms. JTC Americas is the North…
IQ-EQ names global head of outsourcing
IQ-EQ, the Luxembourg-based provider of fund and corporate services, has named Matt Okolita as global head of outsourced business services. Okolita previously led Greyline Partners LLC, a regulatory, compliance and governance consultancy which was acquired by IQ-EQ in 2021. Okolita will report to Mark Fordyce, regional CEO, Americas, and will join the IQ-EQ U.S. executive…
MUFG forms consulting practice
MUFG Investor Services has launched a business consulting group. The group will be led by Brian Yegidis, most recently the head of prime services hedge fund consulting for the Americas at Credit Suisse. Joining him will be Caley Watnick, also from Credit Suisse, where she was an associate in prime consulting. Based in New York,…
Charles River partners with LedgerEdge
Charles River Development, a State Street company, has partnered with LedgerEdge to provide investment managers with access to corporate bond liquidity from the LedgerEdge ecosystem through the Charles River inventory hub and order and execution management system (OEMS). LedgerEdge uses DLT to modernise institutional-grade trading services and protocols. Charles River’s inventory hub delivers an aggregated,…
Apex acquires Indian administrator
Apex Group has acquired BEST Alternative Advisory Services, an India-based financial services provider. BEST will add AuA of USD30bn to the Apex Group, and an additional 35 employees based in Mumbai, India. BEST delivers fund services for open and closed-ended fund client profiles including private equity, fund of funds, mutual funds, managed accounts and hedge…