SGSS in Italy has been chosen by Invimit SGR, a company owned by the Ministry of Economy and Finance, to provide depositary bank services for its new Dante real estate fund.
Category: Alts
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.
Sanne appoints Peter Nagle as chief commercial officer
Sanne, the UK-listed administration and corporate services provider, has promoted Peter Nagle from global head of client growth to the role of chief commercial officer. Nagle will be responsible for client service delivery in all jurisdictions and the firm’s continued commercial development. He joined Sanne in 2018 to lead the Mauritius business.
Crestbridge hires Alex Di Santo as group head of PE
Crestbridge, the C.I.-based provider of fund and corporate services, has appointed Alex Di Santo as group head of private equity, based in Jersey. He joins from Intertrust, where he was head of private equity for the Jersey operation.
Citco opens office in ADGM
Citco, which has >USD1trn AuA globally, has opened an office in the Abu Dhabi Global Market (ADGM), an international finance centre in the United Arab Emirates, after increasing its AUA in the region last year to approximately USD125bn.
BNP Paribas expands IM services to APAC
BNP Paribas Securities Services is expanding its collateral management services in APAC to help firms in the region manage initial margin requirements arising from their non-cleared OTC derivatives positions.
Alter Domus buys Strata Fund Solutions to add USD140bn AuA
Alter Domus, the Luxembourg-based provider of fund administration, debt capital markets and corporate services has acquired Strata Fund Solutions LLC, a U.S.-based fund administrator serving U.S. private equity and venture capital funds. Strata has nearly USD140bn AuA with 200 employees. FTV Capital led a significant growth equity investment in Strata in 2018, with participation from…
Aztec supports Highland Europe’s latest fund launch
The Aztec Group, a C.I.-based fund and corporate services provider, has supported Highland Europe with the fundraising activities and final close of its latest fund, Highland Europe Technology Growth IV Limited Partnership. The fund closed with commitments totalling EUR700m. Aztec Group will provide ongoing administration and accounting services from its Jersey office.
TMF hires Derek Chen for senior role in China
TMF Group, a Netherlands-based fund and corporate services provider, has appointed Derek Chen as a new senior executive to accelerate the growth of the firm’s funds business in China. Chen joins as commercial director for fund services and will focus on fund administration and investment structuring. He will report to Andrew O’Shea, global head of…
Crestbridge hires Tim Ridgway for governance services
Crestbridge, the C.I.-based provider of corporate and fund services, has appointed Tim Ridgway as a director in the governance services team. Based in Jersey, he will act as a fiduciary for alternative investment funds and fund management firms, with responsibility for the management and oversight of client structures. He joins from Bletchley Park Asset Management,…