CBRE has been selected to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners, one of the largest industrial real estate fund managers in the world. CBRE’s fund and property administration group offers integrated real estate design & construction accounting, property accounting and fund administration services to…
Category: Alts
PEF launches Accounting Portal via ViewPoint
PEF, a U.S.-based fund administrator for alternative investment managers, has launched the Accounting Portal within its ViewPoint investor portal framework. The Accounting Portal offers enhanced access to the fund’s books and records as well as workflows for review and approval. ViewPoint provides alternative investment managers and their investors with direct access to data and documents,…
Crestbridge acquires Ovation FS in the U.S.
Crestbridge, the C.I.-based private equity and real estate administrator, is to acquire Ovation Fund Services, a U.S.-based provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds. Ovation will become part of the Crestbridge brand from 31 December 2020 and all Ovation employees will join the global Crestbridge…
Crestbridge hires Giri Kathiravelu as head of client accounting
Crestbridge, the C.I.-based administrator, has appointed Girisanthan (Giri) Kathiravelu as head of client accounting, based in the UK. He will lead the team supporting Crestbridge’s alternative asset manager client base across a broad range of reporting and regulatory areas, including accounting and investor reporting. He joins from IQ-EQ.
BBVA to launch digital asset service through Switzerland
BBVA, the Spanish bank, has begun to roll out the trials of what will become its first commercial service for the trading and custody of digital assets. The new service, which will be offered through BBVA Switzerland, will make it possible to manage transactions and have deposits in bitcoin.
State Street leads Series C funding for Lukka
Lukka, a crypto asset software and data provider, has completed its Series C funding, led by State Street, with participation from S&P Global, and CPA.com, the business and technology subsidiary of the AICPA. Lukka will continue to expand its existing institutional-grade software and data products for traditional businesses and funds as they adopt crypto assets…
Northern Trust makes senior management changes
Northern Trust is making some senior management changes across its asset servicing business. James Wright, who joined in 2016 from J.P. Morgan, is promoted to head the institutional investors group across EMEA, based in the UK. In the U.S., Peter Sanchez, who has run the hedge fund services business in North America since 2011, is…
Blue Flag Partners appoints PEF as RE fund administrator
PEF Services, a U.S.-based fund administrator for alternative investment managers, has been selected to provide fund administration services to Blue Flag Partners, a U.S.-based real estate firm.
Fidelity launches digital asset collateral service with BlockFi
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has launched a new service that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which is integrated…
IQ-EQ hires Wendy Piergolam as U.S. head of client development
IQ-EQ, the Luxembourg-based administrator, has hired Wendy Piergolam as head of client development for the U.S., a newly created position. In her new role, Piergolam will operate primarily under the banner of IQ-EQ subsidiary brand, Blue River, which became part of the group following its acquisition earlier this year. Blue River is a provider of…