BNY Mellon has established a Digital Assets unit that will accelerate the development of solutions and capabilities to help clients address growing and evolving needs related to the growth of digital assets, including cryptocurrencies. The cross-functional, cross-business team, which will be led by Mike Demissie, head of Advanced Solutions at BNY Mellon, is currently developing…
Category: Alts
Peru & Partners supports Lauxera maiden fund launch
Peru & Partners, the France-based subsidiary of IQ-EQ that specialises in the French private equity market, has assisted healthcare investment firm Lauxera Capital Partners with the launch of its first fund. Lauxera Growth I has raised EUR100m (USD120m) in its first close, with Peru & Partners acting as CFO.
Rosemary McCollin joins Vistra from J.P. Morgan
Rosemary McCollin has joined Vistra as sales director for UK private equity. She previously spent 16 years at JPMorgan Chase.
4Pines hires Paul Filanowski as director of business development
4Pines Fund Services, the start-up private capital administrator, has appointed Paul Filanowski as director of business development. Filanowski joins 4Pines from Allvue Systems where he was a strategic account manager.
OCC grants conditional approval to Protego for digital assets
The Office of the Comptroller of the Currency has granted conditional approval of the conversion of Protego Trust Company, a Washington state-chartered trust company, to become Protego Trust Bank, National Association. Protego is the second crypto-native firm to get national licensing from the OCC, following Anchorage’s approval last month. Protego is a bank designed and…
BP2S teams up with Eastspring and STACS to improve ETD processing via DLT
Eastspring Investments, BNP Paribas Securities Services and Singapore-headquartered fintech firm Hashstacs Pte Ltd have implemented what they claim is a first-in-market blockchain-driven solution to enhance trade lifecycle management capabilities for exchange traded derivatives (ETDs). The trading fee calculation platform, Mercury, addresses current inefficiencies in the trade lifecycle management of ETDs. Mercury provides centralised and transparent…
MUFG expands LP services to Europe & Asia
MUFG Investor Services has expanded its limited partner services offering to Europe and Asia. This expansion out of North America is in response to increased market demand for LP services from private equity, real estate and other institutional investors. The enhanced offering automates data extraction and optimises specificity and accuracy to make functionality compatible with…
Sanne to administer Kasada’s Mauritius-domiciled funds
Sanne, a UK-listed provider of alternative asset and corporate administration services, has been appointed by Kasada General Partner to provide fund administration and accounting functions for all fund structures based out of Mauritius. Kasada is an independent investment platform within the Kasada Group dedicated to hospitality in sub-Saharan Africa. The firm was established in 2018…
Langham Hall to service Patron Capital’s RE fund
Langham Hall, a UK-based administrator, has supported Patron Capital with the launch of Patron Capital VI L.P., which at final close has raised EUR844m. Langham Hall will provide administration and accounting services to Fund VI from its Jersey offices. Established in 1999, Patron Capital is a pan-European institutional investor focused on property-backed investments, including corporate…
IQ-EQ supports Queen’s Park Equity for debut fund launch
IQ-EQ, the Luxembourg-based administrator, together with the investment funds team of Carey Olsen in Guernsey, have advised Queen’s Park Equity on the launch of its debut fund, Queen’s Park Equity Partners I, which closed at its hard cap of GBP185m. Established in 2020, QPE is focused on providing capital and expertise to businesses within education,…