Apex has acquired Senasen Group Ltd., a digital marketing platform provider designed to connect LPs and GPs and support the capital raising process. Founded by Blair McPherson and created by Ben Slater, both of whom will join Apex as part of the deal, Senasen’s proprietary SaaS platform will benefit clients through delivering a self-service offering…
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Ross Thomson joins Crestbridge as head of Lux fund services
Crestbridge, the C.I.-based provider of private equity and real estate administration services, has appointed Ross Thomson as head of funds services in Luxembourg. Prior to joining Crestbridge, he was COO for Carne Global Fund Managers Luxembourg, where he was responsible for the ManCo and AIFM operations.
Ultimus LeverPoint adds Patrick Mulkern to sales team
Ultimus LeverPoint Private Fund Solutions, the private equity administration business of Ultimus Fund Solutions, has appointed Patrick Mulkern as an SVP in the sales team. He joins from Mainstream. Ultimus LeverPoint, which was formed after Ultimus bought LeverPoint in 2019, provides accounting and fund administration solutions to >200 firms with approximately USD110bn AuA.
Alter Domus to acquire IEA
Alter Domus, the Luxembourg-based provider of fund administration, debt capital markets and corporate services, continues its U.S. expansion with the acquisition of Investors Economic Assurance. This will add 22 specialists in alternative investment asset servicing and fund administration and more than USD54bn AuA. This is the third acquisition in North America for Alter Domus in…
Northern Trust to support Fundsmith’s SICAV
Northern Trust has been appointed to provide fund accounting, transfer agency and global custody services to Fundsmith’s Luxembourg-domiciled umbrella, Fundsmith SICAV. Fundsmith SICAV was launched in 2011 and currently has EUR6.4bn (USD7.6bn) AuM. At launch, State Street/IFDS were appointed to provide fund administration, custody and TA to the fund. Headquartered in the UK, Fundsmith has…
EFA & ODDO BHF support receivables FCT fund
EFA, ODDO BHF, Smart Lenders AM and Pledg have launched the SLAM Cash Advance FCT fund. EFA and ODDO BHF have been selected by Smart Lenders AM to organise the launch of SLAM Cash Advance FCT (Fonds Commun de Titrisation). This fund aims at acquiring and financing receivables sold by Pledg, a French fintech in…
Clearlake to buy Confluence from TA
Confluence Technologies, Inc., a U.S.-based software and data solutions provider to the investment management industry, has signed a definitive agreement for Clearlake Capital Group, L.P. to acquire the company from TA Associates. Upon closing of the transaction, Clearlake will become the majority shareholder while TA will retain a minority equity stake. Founded in 1991, Confluence…
TA buys minority stake in Apex
TA Associates, a global growth private equity firm, has taken a significant minority investment in Apex Group Ltd. Apex is majority-owned by Genstar Capital, a private equity firm. Apex recently passed the USD1trn mark in AuA.
Northern Trust passes USD1trn in DC assets
Northern Trust reports that its defined contribution (DC) global assets under custody and administration have exceeded USD1trn. Northern Trust has >140 global DC clients, with >USD1.4trn of assets. Clients include 12 of the 50 largest U.S. defined contribution plans as measured by total assets, as well as plans in Australia, the UK, and additional countries…
Clessidra appoints SGSS as depositary for new PE fund
SGSS has been appointed by Clessidra Private Equity SGR, an Italian private equity fund manager, to provide depositary bank services for its new reserved closed-end alternative investment fund, Clessidra Capital Partners 4.