Category: Independents

Schroders Capital’s real estate business has signed an outsourcing agreement with CBRE, which will provide real estate fund administration services in the UK and Luxembourg. Under the agreement, CBRE provides fund accounting and administration services for approximately GBP11bn (USD14bn) of Schroders Capital’s UK and Luxembourg-based real estate funds.

GAM, the Switzerland-based investment manager, has reached a definitive agreement to transfer its ManCo activities in Ireland, Luxembourg and the UK to Apex Group Ltd. The transaction is subject to applicable regulatory approvals and other customary conditions. The transfer agreement includes the sale of GAM Fund Management Ltd, Dublin, including its in-house transfer agency function,…

Natural Ventures has appointed the Maples Group as fund administrator for its Natural Ventures Fund I LP. The USD100m, 10-year closed fund is domiciled within the Abu Dhabi Global Market. Natural Ventures invests in scalable, proven technologies with commercial success that directly enhance water and food security.

IDR, the private markets onboarding hub, has expanded its U.S. presence with additional hires. Brian Hwang  joins IDR as commercial development director. Based in New York, he was previously at Visible Alpha, where he was global head of partnerships. Rory Blazeby, head of CRM, will also spend the remainder of the year in the U.S.…

Aztec, the C.I.-based administrator, has appointed Loic Choquet as head of jurisdiction in Luxembourg. He will continue in his role as head of group centres of excellence and internal control. Aztec has >700 Luxembourg-based employees, and has recently launched its AIFM service in the domicile.

TMF Group, the Netherlands-based administrator, has acquired two companies based in Mexico: KMC Campos y Campos, S.C. and Matas Lorenzo, S.C. Through these acquisitions, TMF Group will expand its capabilities in fund, accounting and tax, and payroll services in Mexico.

AEW Capital Management has expanded its outsourcing agreement with CBRE to include real estate accounting and reporting services to AEW’s North American private equity group, which manages direct private equity investments in real estate in the U.S. The agreement includes the transfer of approximately 50 AEW employees to CBRE’s office in Boston. CBRE will provide…

Accelex, the UK-based fintech, has formed a partnership with Meradia, a consultancy specialising in operations and technology for the investment management industry. The partnership aims to enhance operational efficiency for investors in alternative assets by combining their expertise in private markets data and operations.

Apex plans to expand its New Zealand footprint with the acquisition of Trustees Executors’ custody and investment accounting business. Completion of the acquisition is conditional on the satisfaction of customary conditions for a transaction of this nature. It will see Trustees Executors’ custody and investment accounting business and people transfer to Apex. The acquisition does…