U.S. Bank has launched its Private Waterfall Engine, an automated fund waterfall administration platform designed to support private markets funds. The platform supports multiple waterfall methodologies and automates carried interest, performance fee, and distribution calculations. It imports data from upstream systems, performs controlled calculations and delivers reports and journal entries through a standardized workflow. Private…
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Alchelyst hires EMEA sales chief
Alchelyst, the Ireland-based investor solutions and fund administration partner for private markets asset managers, has appointed Ben Middleton as managing director and head of sales for EMEA. He most recently led Aztec Group’s global clients and markets function.
NTRS adds Warwickshire
Northern Trust been appointed by Warwickshire Pension Fund, a UK local government pension scheme with GBP3.6bn (USD4.8bn) in pension assets, to provide global custody, valuation reporting, capital call execution and performance measurement services.
Langham Hall supports Tasman
Langham Hall, a UK-based administrator, has supported Tasman Capital Partners on the launch of Fund IV, a mid-market Australian and New Zealand focused private equity fund. The fund has reached a first close of approximately AUD120m (USD87m), representing around 60pct of its AUD200m (USD144m) target.
HSBC appointed head of SS in Luxembourg
HSBC has appointed Steve David as head of its securities services business in Luxembourg. David is an industry veteran who spent 20 years at Northern Trust, latterly as head of its Luxembourg business, and joins from IRACE (formerly FundBank) where he was CEO of Luxembourg.
IQ-EQ hires Switzerland BD director
IQ-EQ has appointed Martin Müller as director of business development for Switzerland. Based in Zurich, he joins from Solutions & Funds.
Pictet expands with BBH
Pictet Asset Management has appointed BBH to support its newly launched active UCITS ETFs in Europe as fund depositary, global custodian, and fund administrator. The launch marks Pictet Asset Management’s entry into the active ETF market and extends the firm’s long-standing relationship with BBH. In 2025 Pictet appointed BBH to support its first three U.S.-domiciled…
CACEIS hires for senior PERE role
Romain Mifsud has joined CACEIS as global head of coverage for PERES and financing solutions, based in Paris. He was previously at IQ-EQ and also spent nearly six years at SGSS.
Aztec supports new Highland fund
Aztec has supported long-time client, Highland Europe, a growth-stage technology investment firm, on the close of Highland Europe Technology Growth VI LP, a Jersey-domiciled fund with commitments of EUR1.1bn (USD1.3bn).
Apex appoints chief product officer
Apex Group has appointed Nick Tomadakis as chief product officer. Based in the UK, he reports directly to CEO Peter Hughes. He was previously at DCM Systems