Aztec, the C.I.-based administrator, has supported Nordic Capital, a private equity firm and longstanding client, on the first and final close of its Evolution Fund at >EUR1.2bn (USD1.4bn). Aztec has been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund.
Category: Alts
Apex to add loan admin & ESG services to i80 mandate
Apex has been appointed by i80 Group, a U.S.-based investment firm that provides companies with bespoke financing solutions, to deliver loan administration and ESG ratings & advisory services, in addition to its existing fund administration mandate.
Mainspring to service new VC fund for Redrice
Mainspring Fund Services, aUK-based administrator, has been appointed as fund administrator for Redrice Venture’s new limited partnership VC fund. Redrice, a seed stage venture fund, already has a managed account fund structure supported by Mainspring, and has now closed its first institutional LP fund with Mainspring as fund administrator.
CoreVest selects SS&C’s loan management solution
CoreVest, a Redwood Trust company, will implement SS&C’s Precision LM loan management software. CoreVest is a lender to residential real estate investors in the U.S., with >USD10bn in loans funded and 100,000 units financed.
Aztec supports FSN Capital’s latest fund launch
Aztec supported FSN Capital, a northern European private equity investment firm, with the launch of its latest mid-market fund, FSN Capital VI. Following its launch, Aztec will continue to provide ongoing administration and accounting services to the fund and its investment structures from its Jersey office.
Mainspring to administer new BVI fund
Mainspring Fund Services, a UK-based administrator, has been appointed as administrator for Family & Friends, a recently launched fund domiciled in the British Virgin Islands.
REQ appoints RBC for Irish ICAV admin
REQ AS, a Norwegian asset manager, has selected RBC Investor Services as the service provider for its Irish UCITS ICAV. RBC will provide administration, depositary, custody and middle office services.
Sanne appoints David Fowler as global head of PE
Sanne, a UK-listed provider of alternative asset and corporate business services, has appointed David Fowler to the role of global head of private equity. Fowler joined Sanne in 2019 to head up the Singapore business. He will relocate to London. Sanne is currently the subject of a possible all-cash offer from Cinven, a venture capital…
Hex Trust receives funding from Cyberport
Hong Kong-based Hex Trust, a digital asset custodian, has secured investment from Cyberport, Hong Kong’s largest fintech hub, which is wholly owned by the Hong Kong SAR government.
Fidelity Digital Assets launches third party clearing & settlement
Fidelity Digital Assets is launching third-party clearing and settlement capabilities with TP ICAP, one of the world’s largest inter-dealer brokers. The collaboration with TP ICAP aims to deliver a new trading model that will enable clients to buy bitcoin with USD stored on the Fidelity platform via TP ICAP’s new digital asset platform, and to…