Category: Independents

25APR25: Two private equity investments: GTCR and Stone Point Capital, both private equity firms, have signed a definitive agreement for Stone Point to join GTCR as an investor in Ultimus Fund Solutions, a U.S.-based provider of fund administration services and solutions. In conjunction with funds managed by Stone Point, GTCR Fund XIV will reinvest in…

Alter Domus, the Luxembourg-based provider of fund services for the private equity, real assets and private debt sectors, has expanded its key client partnerships team, appointing Kenny King as head of key client partnerships, North America, and Jane Karczewski as head of key client partnerships, EMEA. King joins from BNY, where he was global head…

IQ-EQ, the Luxembourg-based administrator, has signed an agreement to acquire the AMAL Group, a provider of corporate trust, agency services and loan Servicing solutions, with operations in Australia and New Zealand. The transaction is subject to regulatory approval from the Foreign Investment Review Board (FIRB) in Australia. AMAL Group has in excess of AUD37bn (USD24bn)…

JTC has provided ongoing support as fund administrator, depositary and hosted AIFM partner to Osney Capital, a specialist early-stage investor focused on the cybersecurity sector. JTC is supporting Osney’s debut venture capital fund, which is oversubscribed from its original target of GBP50m (USD64m).

Ocorian, the C.I.-based provider of fund administration, capital markets, corporate, fiduciary and regulatory services, is working with Canoe Intelligence, the platform for alts management, to streamline and enhance data management for fund managers. Canoe services more than 400 global clients, including banks, capital allocators, wealth managers, family offices, and asset servicing firms, supporting over USD8trn…

Ultimus Fund Solutions, an independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, has expanded its existing relationship with New Age Alpha. Following New Age Alpha’s acquisition of 21 investment funds with USD2.6bn AuM, Ultimus helped to establish two new trusts, converting the funds to the Ultimus service model, and subsequently merging four…

Apex has agreed to buy Flow. Founded in 2018, Flow simplifies fund management with its infrastructure software that provides a platform for insights, transparency and dialogue between fund managers and the broader ecosystem of investors, law firms, fund administrators, banks, and accounting firms. The addition of Flow adds 15 employees and AuA of USD17bn. The…