BondBloxx Investment Management Corporation, which claims to be the first ETF issuer focused solely on the needs of fixed income investors, has appointed BBH to provide custody, administration, accounting, and transfer agency for BondBloxx’s upcoming initial product launch.
Category: Mandates
LemonEdge wins new mandate
Kensington Capital Partners, a Canadian manager with CAD2.3bn AuM (USD1.8bn), has hired LemonEdge, a UK-based provider, to provide front-to-back accounting and reporting services. The API and low-code accounting platform will power the firm’s PE, VC, and fund of fund structures, alongside an investor portal.
EFA wins new FCP mandate
EFA, the Luxembourg-based administrator, has been appointed by Horae Technology, a France-based manager, for administration and accounting for its new Horae Opportunities FCP.
CACEIS supports new green hydrogen fund
CACEIS has been mandated by Hy24, an investment management firm specialising in green hydrogen infrastructure investment, to provide custody and registrar services for its first fund. In 2021 Ardian, a private equity investor, and FiveT Hydrogen, an investment platform focused on green hydrogen infrastructure projects, formed Hy24. The fund, Clean H2 Infra Fund SLP, will…
NatWest wins UK forestry mandate
NatWest Trustee and Depositary Services has been appointed as depositary for Foresight Sustainable Forestry Company PLC. Foresight Group LLP is a UK-based infrastructure and private equity investment manager. Foresight Sustainable Forestry Company PLC recently raised GBP130m (USD177m) in an IPO that will invest in UK forestry and afforestation assets.
Equity Trustees supports new fund for Ecofin in Ireland
Equity Trustees, the Australia-based administrator, has supported the launch of a second global equity UCITS fund for Ecofin Advisors in Ireland. Equity Trustees have been appointed as the UCITS ManCo.
Pantheon appoints Link
Link Group, the Australia-based administrator with GBP160bn AuA (USD217bn), has been appointed as Pantheon Infrastructure’s fund administrator, registrar and company secretary. This follows Pantheon Infrastructure Plc’s GBP400m initial public offering, and its admission to the London Stock Exchange.
HSBC supports first QFI deal across BSE
HSBC has become the first international custodian to facilitate a QFI trade across the Beijing Stock Exchange placed by an offshore investor. The trade was placed by Samsung Securities Co. for its underlying product, Samsung RQFII Trust. Samsung Securities is a Korean broker/dealer which is active in China. BSE, which went live in November 2021,…
UMB wins Texas CLASS custody mandate
UMB Bank, a subsidiary of UMB Financial Corporation, has been selected as custodian for the Texas Cooperative Liquid Assets Securities System Trust (Texas CLASS), a local government investment pool established in 1996 that is available to all Texas municipalities, counties, school districts, authorities, and local government entities. Public Trust Advisors serves as the program administrator…
SWFAL wins GBP1bn ACD mandate
Smith & Williamson Fund Administration Limited (SWFAL), part of the UK-based Tilney Smith & Williamson, has been appointed as Authorised Corporate Director (ACD) for seven Brooks Macdonald funds. SWFAL is already ACD for 11 funds run by Cornelian Asset Managers, which was acquired by the Brooks Macdonald Group in 2019. The deal will see the…