ZEDRA, the Switzerland-headquartered fund and corporate solutions provider, has signed a sales and purchase agreement to acquire Atlas Fund Services, a privately held fund administrator. The deal is subject to regulatory approval by the Centrale Bank of Curaçao and Sint Maarten. Founded in 2006, Atlas Fund Services provides alternative investment fund services to U.S.-based investment…
Category: Alts
CNP appoints SGSS for IM calculation
CNP Assurances, the French insurance company, has appointed Société Générale Securities Services to manage EMIR Initial Margin for complex derivatives. SGSS developed a middle office IM calculation service to meet CNP Assurances’ operational workflow requirements. For more than 15 years, SGSS has provided independent valuation of CNP Assurances’ structured products’ collateral management, as well as…
Suntera buys Socium
Suntera Global, the C.I.-based administrator, has acquired U.S. business Socium Funds Services. The acquisition of Socium, which requires no regulatory approval and completes with immediate effect, will strengthen Suntera Global’s offering for fund managers and provide the group with a U.S. operation for the first time, adding three North American locations to its international footprint.…
Accelerate taps Tetra for digital custody
Accelerate Financial Technologies Inc. has selected Tetra Trust Company as custodian for its digital assets. Initially, the Accelerate NFT Fund LP, the first Web3 investment vehicle in Canada, will deploy Tetra’s custody solution which enables clients to store and settle their digital assets within a secure environment. Calgary-based Accelerate is one of Canada’s fastest growing…
IQ-EQ hires new chief risk officer
IQ-EQ has appointed Sally Alayarian as group chief risk officer. She joins after spending six years as global director risk management & internal audit for TMF Group. Alayarian will be based in the Netherlands and will join IQ-EQ’s group management team.
BCAM appoints Standard as custodian
Following the appointment of Apex as administrator, Blockchain.com has named Standard Custody & Trust Company, a PolySign company, as custodian for its new institutional platform, Blockchain.com Asset Management (BCAM). BCAM will deliver a suite of institutional investment products, combining the crypto trading infrastructure, research and security software services of Blockchain.com with Altis Partners’ investment management…
EFA to administer new RAIF
EFA, the Luxembourg-based administrator, has been appointed as administrator for the Freedom Luxembourg Alternative Strategies RAIF, providing fund accounting as well as registrar & transfer agency services. The new venture capital fund has been launched by Freedom Asset Management Ltd, a Guernsey-based asset manager providing services to private clients and family offices. The fund’s first…
CACEIS & CA arrange bridge financing for Antin
CACEIS and Crédit Agricole CIB are supporting Antin Infrastructure Partners, the independent private equity firm focused on infrastructure investment, with the structuring of equity bridge financing for its first NextGen infrastructure fund. CACEIS has acted as the fund’s depositary, and Crédit Agricole CIB acted as arrangers and lenders of the EUR180m (USD195m) facility.
Apex to support new funds for BCAM
Apex Group has been appointed to provide fund services to Blockchain.com Asset Management (BCAM), a new crypto asset management platform powered by Blockchain.com with investments managed by Altis Partners, a C.I.-based manager. BCAM’s C.I.-domiciled funds will offer regulated crypto investment products for institutional investors, family offices and high net worth individuals. The platform is launched…
Ultimus reports strong demand for interval & tender funds
Ultimus Fund Solutions has supported the launch of interval and tender funds for three new clients: Fairway Capital Management, Lind Capital Partners, and an undisclosed registered investment advisor (RIA). For Lind Capital Partners, Ultimus helped launched an interval fund, for which it converted two limited partnerships into the fund. Ultimus assisted Lind by merging private…