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.
Richard
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.
Ultimus hires for PE sales
Ultimus LeverPoint Private Fund Solutions has hired John Lumley as an SVP responsible for new business across the alternative investment practice, with a focus on private equity administration. He joins from J.P. Morgan.
Ocorian opens NY office
Ocorian, the C.I.-based administrator, has opened an office in New York. In 2021 Ocorian acquired Philadelphia-based analytical firm, Emphasys Technologies, which marked its entry into the U.S.
Swiss market tests CBDC integration
The Bank for International Settlements (BIS), the Swiss National Bank (SNB), and SIX, Switzerland’s main provider of financial infrastructure services, have concluded the second phase of Project Helvetia, which looks toward a future with more tokenised financial assets based on distributed ledger technology coexisting with today’s systems. SNB and five commercial banks – Citi, Credit…
Why Diversity Isn’t Always All-Inclusive – Stephen Doyle has a powerful message for proponents of Diversity, Equity & Inclusion
“The good news is that you didn’t have a stroke. The bad news is it looks like you might have Parkinson’s Disease.” These were the words uttered by my neurologist almost five years ago. Since that day (which is forever etched in my memory), I have learnt that my neurologist was correct. I did in…
Standish acquires Alpha
Standish Management, a U.S.-based alternatives administrator, has acquired Alpha Alternatives, a small fund administration firm for hedge funds and other investment vehicles. Standish is an independent provider of fund administration services to private equity, venture capital, and real estate managers. Founded in 2007, Standish has >USD250bn AuA, administering over 2,500 entities and reporting to more…
BlockFi hires COO & CTO
BlockFi, a U.S.-based crypto financial services company, has made two senior appointments. Alexander Grigoryan has joined as the chief technology officer and will oversee all global product development and technology strategy. Prior to BlockFi, Grigoryan led product engineering at Skillz, a mobile games platform, and before that held senior engineering and developer roles at Walmart…
RBC sells HK business to SC
Standard Chartered has agreed to acquire the trustee and domestic asset servicing businesses of RBC Investor & Treasury Services in Hong Kong. The deal, which is subject to regulatory approval, is another step in RBC’s strategy to focus on North America and Europe. In 2020 RBC sold its Hong Kong corporate services business to SMP.
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…