Gen II Fund Services an independent private capital fund administrator, has relocated its Southampton, UK office. Gen II’s Southampton team has moved to new premises with capacity for up to 300 staff. The office is a centre of excellence for fund administration technology and processes. The Southampton office came as part of Gen II’s acquisition…
Category: Alts
Cote takes new role at U.S. Bank
U.S. Bank has appointed Laura Cote as head of Global Fund Services (GFS) product. Cote has been with U.S. Bank for three years and was most recently a senior product manager for custody within the chief product office organisation. She previously spent 16 years at BBH, where she held operations and relationship management roles, as…
Apex expands with Flow
Apex has expanded its strategic partnership with Flow with the launch of Apex Ventures. Flow is a provider of private market infrastructure for investment managers. Apex Ventures is a specialist offering for VC managers and provides a unified, streamlined experience throughout the entire investment lifecycle of a VC fund.
Ocorian partners with Bartsch
Ocorian, the C.I.-based administrator, has formed a collaboration with Bartsch, a German tax and corporate services provider. Ocorian’s real estate, infrastructure, private equity, and corporate clients will now benefit from Bartsch’s expertise in tax and accounting services tailored for institutional investors, asset managers, and family offices.
Citco opens in Japan
Citco, the asset servicer to the alternative investment sector, has launched Citco Japan Co KK. Citco has >USD2trn AuA and offers a suite of middle-office and back-office services to alternative investment companies. Citco Japan Co KK will operate as Citco’s local operational headquarters in the region. The team will offer fund accounting, fund operations and…
Fulcrum launches second LTAF with Waystone
11NOV24: The UK’s FCA has approved the launch of Fulcrum’s first commingled long term asset fund (LTAF), WS Fulcrum Diversified Private Markets LTAF. Waystone, the provider of specialist services to the asset management sector, will act as the Authorised Corporate Director. This follows the launch of Fulcrum’s first LTAF earlier this year, for a single…
Centralis to acquire Admina
Centralis Group, a Luxembourg-based alternative asset and corporate services provider, is to acquire Admina Fund Services. Admina is a provider of fund administration and corporate services based in Guernsey, C.I. Admina provides a full suite of integrated fund administration and company secretarial services to regulated and unregulated, listed and unlisted closed-ended limited partnerships, companies, trusts…
Apex takes stake in Capcade
Apex has partnered with Capcade, a fintech in the private markets sector, which aims to redefine client engagement in financial services. This alliance is coupled with Apex taking an equity investment in Capcade.
Citi & Fidelity conclude PoC
Citi and Fidelity International have run a PoC of an on-chain money market fund with a digital foreign exchange swap solution which delivers real-time settlement. This on-chain solution could enable investors to conduct seamless and real-time settlement of multi-asset positions in different currencies. The collaboration is under the aegis of Project Guardian, a Singapore-based collaboration…
Allvue launches platform for administrators
Allvue Systems, a U.S.-based provider of technology solutions for alternative asset managers and administrators, has launched Fund Administration Essentials, a suite of technology solutions purpose-built for emerging fund administrators to enhance operational efficiency and optimise the investor experience. The solution is tailored for emerging fund administrators to provide support for GPs and their investors. Fund…