Sanne, the UK-listed alternative asset administrator, has appointed Sarbjit (Sarj) Panesar as head of UK business development. Based in Sanne’s London office, Panesar joins from Société Générale Securities Services, where he was most recently in charge of business development for the asset management and insurance sectors.
Category: Alts
CACEIS wins French PA mandate
CACEIS has been selected to provide asset services for the funds of Épopée Gestion, a French fund manager specialising in private equity and real estate investment. The mandate covers custody, transfer agency, middle office and fund administration services.
Wyoming Deposit & Transfer licensed to provide digital custody
Wyoming Deposit & Transfer Corporation has been granted a new bank charter by the Wyoming Division of Banking under the regulatory framework of a Special Purpose Depository Institution. The charter will enable WDT to provide commercial banking, together with custodial services, for a wide range of tokenized assets and digital and fiat currencies, meeting the…
State Street to deploy Canoe’s ML technology for private markets
State Street plans to implement a cloud-based, machine learning technology to transform private markets processing and document management. Through State Street’s partnership with Canoe Intelligence, allocators and managers in the private markets sector will have an integrated experience where traditionally onerous and manual alternative investment workflows will be automated and streamlined, reducing processing time and…
Apex acquires Senasen
Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
Ross Thomson joins Crestbridge as head of Lux fund services
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has appointed Ross Thomson as head of funds services in Luxembourg. Prior to joining Crestbridge, he was COO for Carne Global Fund Managers Luxembourg, where he was responsible for the ManCo and AIFM operations.
Ultimus LeverPoint adds Patrick Mulkern to sales team
Ultimus LeverPoint Private Fund Solutions, the private equity administration business of Ultimus Fund Solutions, has appointed Patrick Mulkern as an SVP in the sales team. He joins from Mainstream. Ultimus LeverPoint, which was formed after Ultimus bought LeverPoint in 2019, provides accounting and fund administration solutions to >200 firms with approximately USD110bn AuA.
Alter Domus to acquire IEA
Alter Domus, the Luxembourg-based provider of fund administration, debt capital markets and corporate services, continues its U.S. expansion with the acquisition of Investors Economic Assurance. This will add 22 specialists in alternative investment asset servicing and fund administration and more than USD54bn AuA. This is the third acquisition in North America for Alter Domus in…
TA buys minority stake in Apex
TA Associates, a global growth private equity firm, has taken a significant minority investment in Apex Group Ltd. Apex is majority-owned by Genstar Capital, a private equity firm. Apex recently passed the USD1trn mark in AuA.
Clessidra appoints SGSS as depositary for new PE fund
SGSS has been appointed by Clessidra Private Equity SGR, an Italian private equity fund manager, to provide depositary bank services for its new reserved closed-end alternative investment fund, Clessidra Capital Partners 4.