Hamilton Lane, a private markets investment management firm, has made an investment in IDR, the investor onboarding platform focused on private markets. Additionally, Hamilton Lane will deploy IDR’s platform for its investor onboarding process, including fund subscription, KYC, tax, and money laundering reporting officer services. The investment amount was not disclosed.
Richard
Blackwattle appoints Apex
Blackwattle Investment Partners, a recently launched Australian fund manager, has appointed Apex to provide fund administration, TA, middle office and custody solutions for its first four funds: ASX Small Cap Quality, Mid Cap Quality, Long-Short 130/30 Quality, and Large Cap Quality Funds. This follows Blackwattle’s appointment of Equity Trustees as responsible entity (trustee) for the…
SGSS wins EUR2bn Italian mandate
Solidarietà Veneto Fondo Pensione, which has over 140 thousand members and AuM of EUR2bn (USD2.2bn), has appointed SGSS in Italy to provide custody and bank services for the decade 2023-2033.
TMF supports EUR26bn fund launch
TMF Group, a Netherlands-based administration services provider, has supported CVC Capital Partners in its recent close of Fund IX, a EUR26bn (USD28.5bn) Jersey and Luxembourg-regulated fund. TMF will provide administrative services to the fund, including due diligence and onboarding of investors.
UI partners with Montrusco Bolton
Montrusco Bolton, a Canadian asset management firm with USD10.7bn AuM, has launched a new fund for US equities. The fund has been launched in collaboration with Germany’s Universal Investment Group. Structured as a Luxembourg SICAV vehicle, the UI I – Montrusco Bolton US Equity Fund will be available to investors in Luxembourg, Germany and Austria.…
HIGHVERN hires from Intertrust
HIGHVERN, the C.I.-based administrator, has appointed Daniel Jaffe as group head of institutional services, based in London. He was most recently at Intertrust.
Deutsche Börse to buy out FundsDLT partners
Deutsche Börse Group is to acquire the remaining shares in FundsDLT. The Luxembourg-based company is a decentralised platform based on DLT for end-to-end fund distribution and processing. The acquisition is expected to be completed in the fourth quarter 2023 or the first quarter 2024, subject to regulatory approval. The acquisition of all outstanding shares of…
Waystone makes progress on Link deal
Waystone, the Ireland-based administrator, has moved closer to the completion of its proposed acquisition of the Irish and UK businesses of Link Fund Solutions. Certain contractual conditions have been satisfied, with counterparties to LFS contracts, representing the threshold majority of revenue, now agreeing to those contracts being transferred to Waystone on completion of the sale.…
State Street consolidates in India
State Street is streamlining its operating model in India and intends to assume full ownership of the company’s joint venture with the Atos Group (originally established with Syntel, Inc.). This consolidation is expected to be complete by the fourth quarter of 2023. State Street has a long-standing presence in India and has partnered with Syntel/Atos…
ZILO launches in UK
ZILO, the UK-based fintech specialising in transfer agency, has gone live with its SaaS technology platform for global transfer agency services. ZILO’s technology offers clients a global cloud-based TA solution, delivering a single platform across multiple jurisdictions. Launching first in the UK, ZILO will expand its coverage in 2024, including Luxembourg, Ireland and Asian markets.