Apex is to acquire Implemented Investment Holdings Limited, the parent company of Implemented Investment Solutions and InvestNow. IIS provides investment services to large global fund managers, enabling them to establish and distribute New Zealand domiciled funds to their investors. Their clients also include New Zealand-based investment companies, including specialist investment managers, KiwiSaver providers, adviser groups,…
Month: September 2022
SS&C combines fund admin and servicing businesses
SS&C has appointed Bhagesh Malde to lead its newly combined global fund administration and servicing business. The new group will continue to operate as SS&C GlobeOp and brings together SS&C’s hedge fund administration, private markets administration, middle office, and insurance global servicing capabilities. Services also include middle- and back-office outsourcing and loan servicing. Malde will…
RBC wins City of Richmond Hill mandate
RBC Investor & Treasury Services has been appointed by the City of Richmond Hill to provide custody and reporting services for the city’s consolidated assets. Bernard Yu, financial management advisor at Richmond Hill, said: “We have chosen RBC I&TS because of its solid track record in servicing other municipalities and adaptability to the evolving technological…
Apex to acquire in Canada
Apex plans to acquire Prometa Fund Support Services Inc., a Canada-based provider of fund services. Prometa delivers fund services to clients in Canada, the U.S., and Bermuda, including hedge funds, LSVCCs and mortgage investment corporations. Prometa administers >CAD28bn (USD21.5bn) for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors. The…
Crestbridge supports new VC fund
Crestbridge, the C.I.-based alternative fund services provider, has supported the close of Hiro Capital’s latest fund, a tech-focused venture capital firm. Crestbridge in Luxembourg was appointed as the EuVECA Manager whilst the firm also provided a range of fund administration, accounting and reporting services to support the launch of the EUR300m (USD300m) Hiro Capital II…
Universal Investment secures new investor
Universal Investment Group, the third-party ManCo and fund administration service provider, has secured a significant investment from Canada Pension Plan Investment Board (CPP Investments), alongside existing lead investor Montagu. The investment is subject to regulatory clearances. Universal Investment serves both institutional investors and asset managers and is active across the three largest European fund domiciles:…
Allvue appoints new CEO
Allvue Systems, an alternative investment technology solutions provider, has appointed Dan Streetman as CEO. He most recently served as CEO of TIBCO Software Inc.
ISPT selects SS&C Sylvan for PM
ISPT, one of the largest property fund managers in Australia, has selected SS&C Sylvan for performance measurement, which will replace its internally built platform. ISPT has >AUD22bn (USD14.8bn) AuM. SS&C Sylvan will automate financial data ingestion, calculate both time-weighted (income, capital and total return) and money-weighted returns, and provide enhanced analytics on their property portfolios.
Broadridge extends Private Market Hub to N. America
Broadridge Financial Solutions, the NYSE-listed fintech, has released a multi-jurisdictional version of its private equity platform, Private Market Hub, which is now available to funds domiciled in North America. Previously operational for funds domiciled in Guernsey, Private Market Hub has been enhanced to support clients in the U.S. The new capabilities allow all stakeholders in…
Apex partners with Inveniam
Inveniam Capital Partners, a fintech offering greater transparency and access to private market assets, has established a strategic partnership with Apex to offer Valuation as a Service to clients. Through the partnership, Inveniam and Apex will use Inveniam’s patented blockchain technology and the Inveniam.io data operating system to deliver digitally credentialled, higher-functioning private asset data…