U.S. Bank Global Fund Services has introduced its CEF Accelerator Platform, which provides a cost-effective way for investment managers to launch alternative investment products through registered closed-end funds. Rockefeller Municipal Opportunities Fund from Rockefeller Asset Management is the first fund to use the platform. The CEF Accelerator Platform brings a suite of partners – legal counsel, auditors and distribution – to manage the compliance, operations and governance of closed-end fund products. The platform also includes oversight by an experienced board of four independent directors.
U.S. Bank services nine multiple-series trusts and more than 100 registered closed-end funds. The CEF Accelerator Platform combines its multiple-series trust offering with the product expertise of its registered closed-end fund services, including transfer agency, custody, fund accounting, fund administration, regulatory administration and tax services.