Sudrania Fund Services Corp, a Chicago-based fund administration and technology company, has received another round of strategic seed investment from Bodhi Tree Asset Management. This investment is a follow up from an initial investment made by Bodhi Tree in 2018. Shalin Madan, the CIO of Bodhi Tree, will join Sudrania’s advisory board. Sudrania currently has…
Category: Independents
Apex appoints co-heads for PERE business
Apex, the Bermuda-based administrator, has appointed co-heads for its private equity and real estate business, which administers c. USD300bn. Elaine Chim is appointed head of private equity and real estate for the Americas, and Gareth Smith is head of private equity and real estate for the EMEA and APAC regions. Chim joined Apex in 2018…
FundRock launches AIFM in France
FundRock, the Luxembourg-based ManCo and administrator, is to launch a new AIFM in France to service private equity and real estate investors. Jean Edouard Mazery has joined from Twenty First Capital, a European asset manager, to lead the French business. He will be initially based in Luxembourg and will relocate to Paris once regulatory approval…
Saluda Grade appoints Socium as administrator for income fund
Socium Fund Services, a U.S.-based administrator focused on private equity, venture capital, real estate, and private debt funds, has been appointed by Saluda Grade, a New York-based advisory firm in the private and alternative lending sector, as fund administrator for the Saluda Grade Income Fund LLC.
Link launches UCITS platform in Lux
Link Group has launched a UCITS platform domiciled in Luxembourg. The platform –Elevation Fund SICAV –should enable investment managers to launch sub-funds in a faster and more cost-effective way. Last year, Link Group launched a similar platform in Ireland. The new umbrella fund will operate its first sub-fund for Stewart Asset Management, LLC, based in…
Intertrust appoints Frank Hattann as global head of sales
Intertrust, the Netherlands-based administrator, has appointed Frank Hattann as global head of sales, reporting to Ian Lynch, Intertrust’s chief commercial officer. He joins from Microsoft, where he was director of digital sales. He is based in Dublin.
Centaur opens first office in Canada
Centaur Fund Services, the Ireland-based administrator, has opened an office in Waterloo, Ontario, its first in Canada. Specialising in private equity and insurance linked securities, the team of seven is expected to grow to 12 by the end of 2020 with the goal of a further doubling of local jobs within two years. Self Hamac…
Vistra adds FoHFs licence upgrade in Lux
Vistra, the Hong Kong-based administrator, has received approval for its alternative investment fund manager licence upgrade in Luxembourg. Vistra is now authorised to service funds of funds in addition to private equity, real estate, infrastructure, and debt funds.
CapitalatWork outsources ManCo work to Lemanik in Lux
CapitalatWork, a wealth manager owned by Foyer S.A., the largest independent insurance group in Luxembourg, has decided to outsource its ManCo activities to Lemanik. CapitalatWork, which has EUR8bn AuM, migrated the business in December 2019.
EFA to provide admin services for WeInvest’s new RE RAIF
WeInvest Capital Partners, a Luxembourg-based real estate investor, has chosen European Fund Administration as administrator and and transfer agent for its Premium Real Estate Fund SICAV-RAIF S.C.A. Philippe Barthelemy, managing partner in charge of investment at WeInvest Capital Partners, said: “We are extremely pleased with the attention demonstrated by EFA teams involved when structuring and…