Apex Group has extended its longstanding relationship with Aizawa Asset Management (AAM) to provide services to its new Cayman fund, Ariake Secondary Fund III LP. Apex will provide fund administration and regulatory services to ASF-III, having serviced AAM’s Ariake Secondary Fund I LP and Ariake Secondary Fund II LP since 2015. AAM, a Japanese alternative…
Category: Offshore
Centralis acquires Wheelhouse
Centralis, a Luxembourg-based corporate & fund services provider, has acquired Wheelhouse Advisors, which specialises in regulatory and prudential management, regulatory reporting, accounting and tax. Wheelhouse’s solutions are designed to reduce risk, improve efficiencies and create value. It supports more than 900 clients globally, with over USD130bn of assets under reporting. The deal follows Centralis’ recent…
Sherpa AM appoints EFA to administer PE fund
EFA, the Luxembourg-based administrator that is in the process of being acquired by Universal Investment, has been named as central administrator to the Diversified Opportunities Fund, a private equity fund managed by Swiss-based Sherpa Asset Management. EFA will provide fund accounting as well as registrar & transfer agency services.
J.P. Morgan hires senior RBC manager
Dave Scanlan has joined J.P. Morgan as executive managing director, fund services EMEA operations, based in Dublin. Scanlan joins from RBC Investor & Treasury Services, where he spent more than eight years, most recently as global head of specialist product services. His move follows the recent departure of Padraig Kenny, formerly the head of RBC’s…
Maitland appoints new Lux head
Maitland Fund Services, a South Africa-based administrator, has appointed Jacolene Otto as head of fund services – Luxembourg. She also joins the board of Maitland Luxembourg S.A. This is an internal appointment.
ZEDRA makes U.S. acquisition
ZEDRA, the Switzerland-headquartered fund and corporate solutions provider, has signed a sales and purchase agreement to acquire Atlas Fund Services, a privately held fund administrator. The deal is subject to regulatory approval by the Centrale Bank of Curaçao and Sint Maarten. Founded in 2006, Atlas Fund Services provides alternative investment fund services to U.S.-based investment…
Montrusco Bolton launches Lux fund
Montrusco Bolton, a Canadian asset management firm with USD8bn AuM, has launched a Luxembourg-domiciled global equities fund aimed at retail and professional investors. Universal Investment has been appointed as the fund’s ManCo.
FundRock wins EUR17bn Irish mandate
FundRock, the Apex-owned, Luxembourg-based ManCo and AIFM provider, has been appointed by Royal London Asset Management Funds plc and RLAM Funds ICAV to provide ManCo services for their Irish fund range and distribution support within the European Union. The funds’ combined assets under management are over EUR17bn (USD18bn). RLAM manages GBP164bn (USD211bn).
EFA to administer new RAIF
EFA, the Luxembourg-based administrator, has been appointed as administrator for the Freedom Luxembourg Alternative Strategies RAIF, providing fund accounting as well as registrar & transfer agency services. The new venture capital fund has been launched by Freedom Asset Management Ltd, a Guernsey-based asset manager providing services to private clients and family offices. The fund’s first…
Krypton hires new head of PE
Krypton Fund Services, a Bermuda-based administrator, has hired David Rourke as head of private equity, based in Bermuda. He was previously Bermuda COO for IQ-EQ.