In a strategically important mandate for its Luxembourg business, Citi has been appointed as the global custody solutions provider for Mitsubishi UFJ Investor Services & Banking (Luxembourg) (MIBL). The deal will result in the transfer of approximately USD630bn of assets to Citi’s platform. As part of the deal, MIBL will white label Citi’s custody platform…
Category: Mandates
AGF adds to CIBC Mellon’s mandate
AGF, the Canadian asset manager with c. CAD36bn AuM, has expanded its relationship with CIBC Mellon, which has been appointed to provide fund accounting, custody, fund administration and recordkeeping for Highstreet Asset Management, AGF’s private client subsidiary. The mandate also includes performance, valuation and reconciliation accounting services for AGF’s institutional business, and the transition of…
Aztec to administer Stirling Square’s EUR950m fourth PE fund
Aztec Group, the C.I.-based administrator, has been appointed to administer Stirling Square Capital Partners’ Fourth Fund. With EUR950m in total commitments, the fund is Stirling Square’s largest to-date and will focus on the European mid-market. Aztec supported Stirling Square, a UK-based private equity manager, with the set-up, launch and closing of the fund, and will…
Crestbridge to support EQT Credit transition to Bridgepoint
Crestbridge, the UK-based administrator, will provide Bridgepoint, the UK-based private equity manager, with fund and management company services to support the recently announced merger with EQT Credit. With the transfer of the business to new ownership, Crestbridge has been appointed to facilitate the EQT Credit transfer to Bridgepoint with a clean regulatory and service wrapper.…
SGSS to administer two new Lux funds for AtonRâ
SGSS in Luxembourg has been appointed as the sole administrator to the recently launched AtonRâ SICAV and AtonRâ II SICAV-RAIF. SGSS will deliver asset services including depositary bank and fund administration.
Crestbridge supports launch of EUR125m GP Bullhound Fund V
Crestbridge, a UK-based administrator, has supported the EUR125m closing of GP Bullhound’s newest fund aimed at investing in growth-stage software businesses. The firm’s team in Luxembourg provided fund and management company services to support the close of GP Bullhound Fund V.
Northern Trust wins three European insurance mandates
Northern Trust has won three new mandates from European insurers. Hannover Re, the German reinsurer, appointed Northern Trust to provide collateral management and global custody services for its longevity risk transfer business. AND-E, a European subsidiary of the Japanese insurance group MS&AD, appointed Northern Trust to provide global custody and related asset servicing solutions for…
Northern Trust wins Azimut mandate for DIFC funds
Northern Trust has been appointed by Azimut (DIFC) Limited to provide asset servicing and portfolio reporting for its Dubai International Financial Centre (DIFC) funds in the Middle East. Northern Trust will deliver portfolio reporting and local servicing in the local time zone directly from the United Arab Emirates. Azimut (DIFC) Limited is part of the…
Mainstream to administer AUD40m emerging markets impact fund
Mainstream, an Australian administrator, has been appointed as administrator and custodian to the AUD40m Emerging Markets Impact Investment Fund, a fund of funds sponsored by the Australian Department of Foreign Affairs and Trade, with Sarona Asset Management as manager and Perpetual as trustee.
Intertrust to service new infrastructure fund for Copenhagen Investment Partners
Intertrust, the Netherlands-based provider of fund and corporate services, has been appointed by Copenhagen Infrastructure Partners to provide financial, legal and depositary services, in both Luxembourg and Australia, for a new infrastructure fund. The fund, CI IV, reached a first close of EUR1.5bn, with a target fund size of EUR 5.5bn.