JTC, the C.I.-based-based professional services business, has acquired New York-headquartered Essential Fund Services. EFS provides services in the alternative assets space, including accounting, reporting and administration to investment partnerships and their investment managers. The acquisition of EFS follows JTC’s recent purchase of SALI Fund Services, and the 2020 acquisition of NES. EFS provides services to…
Category: Alts
Deutsche Börse completes deal with Crypto Finance
Deutsche Börse has completed its acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. Jan Brzezek, CEO and co-founder of Crypto Finance, and the current management team will continue to lead Crypto Finance and retain a significant stake in the company. Crypto Finance will…
JTC wins new OZ fund mandate
JTC Americas (formerly NES Financial) has been appointed to provide fund administration services for Eagle OZ Fund II, an Opportunity Zone fund that will provide capital for a multi-family land development project in Chicago.
Vistra launches investor servicing portal
Vistra, the Singapore-based administrator, has launched a new investor servicing portal, VFunds 2.0, which is powered by Eleven, a fintech provider. The launch includes the migration of Vistra’s entire U.S. business to VFunds 2.0. Vistra is now rolling out VFunds 2.0 to clients around the world. The rollout of VFunds 2.0 focuses on Eleven’s document…
Sanne hires U.S. bus dev director
Sanne has hired Jim Costello as director, business development for the U.S. He was previously at Financial Recovery Technologies and has also worked at SS&C.
RailField appoints Apex as administrator
Apex has been appointed to provide fund administration, investor reporting and investor portal services to RailField Partners, a multifamily investment and asset management firm. Apex will support RailField’s fund accounting needs for its first institutional LP funds. Based in the U.S., RailField has partnerships with a wide range of investors including family offices, pension funds…
Anchorage appoints head of sales
Anchorage Digital, a U.S.-based digital assets servicer, has hired Camilla Churcher as its head of sales. She was most recently at cryptonative lending platform, Celsius, where she was global head of business development, and has experience in traditional prime brokerage sales at Credit Suisse and Bank of America. Anchorage received an industry-first federal bank charter…
Adams Street deploys Apex ESG solution
Adams Street Partners, a U.S.-based private markets investment firm with >USD49bn AuM, has deployed a real-time ESG data analytics solution from Apex to provide insights into underlying fund and private company investments. The Apex analytics platform securely processes a variety of ESG data streams to provide tailored insights during investment and operational due diligence. Adams…
SGSS supports BTC ETF launched by Melanion Capital
Melanion Capital, a French asset management company regulated by the AMF, has launched a bitcoin ETF under the UCITS banner. The Melanion BTC Equities Universe UCITS ETF was launched on Euronext in October 2021 Melanion worked with SGSS throughout the planning and product design phase, which took two years, and subsequently appointed the bank as…
BBVA Switzerland adds ether to crypto service
BBVA Switzerland’s crypto asset service has added ether (ETH) to the investment portfolio, enabling private banking clients and customers with a New Gen account to manage both bitcoins and this cryptocurrency. On the BBVA app, they can view these digital assets along with other traditional investments. They can also automatically be converted to euros, dollars…