Fundhost Limited, a fund services provider to investment managers in Australia, has selected SS&C to support its fund services operations. Fundhost provides responsible entity, trustee, fund administration, registry, compliance, operations and support services to Australian and international fund managers. Under the agreement, Fundhost will use SS&C’s proprietary platform to streamline its unit registry and fund…
Richard
ATLAS selects FIS for loan servicing
ATLAS SP Partners, an investment firm providing structured credit and asset-backed finance solutions, has chosen FIS’ commercial loan servicing solution to help drive and streamline its investment workflows. The solution offers enhanced data-driven decision-making and investment efficiencies, helping provide ATLAS’ borrowers and investors with more accurate and timely reporting.
Ocorian to buy E78
Ocorian, a C.I.-based provider of fund and corporate administration services and regulatory solutions has entered into an agreement to acquire the fund solutions division of Element 78 Partners LLC (E78), a professional services provider headquartered in Chicago. This acquisition, which is subject to regulatory approval, expands Ocorian’s presence in the U.S. Ocorian will combine the…
Langham Hall supports PE fund launch
Langham Hall has supported Terminus Capital Partners on the close of its debut private equity fund, Terminus Capital Partners I, which closed at its hard cap of USD250m. Langham Hall provided comprehensive fund administration and structuring support.
NT wins another Dutch mandate
Northern Trust has been appointed by BPF Beton, a Dutch pension fund, to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with c. EUR1.2bn (c. USD1.2bn) in AuM.
Temenos sells Multifonds
Temenos, the fintech, has sold Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for about USD400m.
Aztec hires new chairman
Aztec Group has appointed Sean Hagerty, former chief executive of Vanguard Europe, as chair, based in London. During a 27-year career at Vanguard, he most recently served for eight years as managing director and head of Vanguard Europe.
NTRS hires for OCIO role
Northern Trust has appointed Kate McCabe to lead the OCIO strategy for its asset servicing business unit. In this newly established role, McCabe will be responsible for developing strategic relationships with outsourced chief investment officer firms and the associated investment consultant community. She will report to Melanie Pickett, head of asset servicing, Americas. McCabe was…
Tully joins Aztec
Aztec, the C.I.-based administrator, has appointed Andrew Tully as director – private credit, based in Jersey. He joins from CVC Credit, where he most recently served as head of portfolio management – direct lending. Prior to that, he led origination and structured finance teams at Santander and held senior acquisition finance roles across Lloyds Banking…
First Manhattan expands with Ultimus
Ultimus has expanded its relationship with First Manhattan, a privately held investment advisory firm with >USD34bn AuM. Ultimus now supports First Manhattan’s private fund structures and ETFs, following the manager’s transition of five private fund structures from a previous service provider.