Northern Trust has been selected by Haycen Bermuda Ltd., a trade finance digital payments provider with operations in the UK and Europe, to provide global custody and money market fund services. Under the new mandate, Northern Trust will provide Haycen with global custody services for its client fiat deposits. Northern Trust Asset Management will provide…
Month: March 2025
Langham Hall supports Northcote fund launch
Langham Hall, the UK-based administrator, has supported Northcote Equity in the first and final close of its debut fund, Northcote Fund I, at its hard cap of GBP160m (USD207m). Langham Hall has provided fund administration and accounting services from its Guernsey office, as well as appointed representative services from its London office.
Ultimus supports Nightview conversion
Ultimus Fund Solutions has assisted Nightview Capital with the tax-free conversion of a private investment fund that Nightview Capital sponsored and advised into The Nightview Fund, an actively managed equity ETF. As a result of the Section 351 conversion, investors in the Nightview private fund received shares in the ETF equal in value to their…
Aduro partners with Fenergo
Fenergo, the provider of AI-powered solutions for KYC/AML, and client lifecycle management, has been appointed by Aduro Advisors, LLC, a U.S.-based fund administrator serving venture capital and private equity firms. This collaboration is in response to the final FinCEN AML rule, which is set to take effect on January 1, 2026. Aduro services >600 firms…
BNPP upgrades NeoLink
BNP Paribas has rolled out the next generation of its reporting solution on its NeoLink client platform. The web app, named My Reporting, brings together a unified space, greater control over data, increased efficiency and improved collaboration. My Reporting provides users with access to a unified and intuitive space where they can manage data and…
Pirum hires from J.P. Morgan
Pirum, the fintech for securities finance automation and collateral management, has hired Ed Corral as head of collateral services. Corral joins Pirum’s New York office to lead the expansion of CollateralConnect, the firm’s collateral management and optimisation solution. Corral joins Pirum from J.P. Morgan, where he was global head of collateral management.
Passthrough partners with Snowflake
Passthrough has partnered with Snowflake, adding investor onboarding data to the data warehouse, ensuring every investor action, from invite to completed subscription document, is captured and available for reporting, analysis, and decision-making.
IDR rebrands
IDR, the private funds clearinghouse, today unveiled its new name and brand identity: Sonata One. Sonata One connects a growing network of over 53,000 investors with >6,500 funds.
Suntera partners with Tenor
Suntera Fund Services, a provider of fund administration and loan administration and loan agency services for private credit funds, has partnered with Tenor, the AI-powered platform aiming to improve private credit operations, to enhance efficiency, automation, and scalability in loan administration through a co-sourcing model. This collaboration enables Suntera to leverage Tenor’s Loan Central, AI-driven…
ProCapital expands with BNPP
BNP Paribas has been mandated by ProCapital, an investment services provider and subsidiary of Crédit Mutuel Arkéa. The mandate covers European markets and includes local and global custody, clearing, securities lending, AutoForex, execution and clearing of listed derivatives. ProCapital will deploy BNP Paribas’ execution-to-custody solution, ensuring the integration of cash equities trade execution in Germany,…