Northern Trust has been appointed to provide asset servicing solutions to CK Capital Partners, a Netherlands-based fund manager that is an affiliate of Cohen & Company, a U.S. financial services firm. CK is a private markets commercial real estate investment manager. Services provided by Northern Trust will include fund administration, global custody, financial reporting and…
Category: Alts
Northern Trust expands CLO MO service
Northern Trust has expanded its collateralised loan obligation (CLO) middle office services for institutional clients. The addition of compliance indenture monitoring and waterfall calculation capabilities to its Omnium platform builds on Northern Trust’s existing outsourced middle office functions for structured debt, which include loan closing, treasury and real-time data shares. The new capabilities provide a…
Bain appoints Alter Domus
Bain Capital Credit has appointed Alter Domus to provide CLO middle- and back-office services and bank loan settlement services for its global liquid and structured credit portfolios valued at more than USD30bn. Under the mandate, Alter Domus will deliver middle and back-office solutions, including loan administration and loan trade settlement for Bain Capital Credit’s portfolios.…
Centralis acquires in U.S.
Centralis Group, the Luxembourg-based alternative asset and corporate services provider, has acquired PINE Advisor Solutions, a U.S.-based provider of compliance, fund officer, and distribution services to asset managers. PINE acts as a distributor for >USD25bn in ETF assets and provides outsourced chief compliance officer and principal financial officer services for U.S. registered funds. PINE also…
FundBank authorised by CBI
FundBank, the Luxembourg-based provider of treasury solutions for alts investors, has been authorised by the Central Bank of Ireland to open a branch in Dublin, Ireland.
iCapital to acquire Passthrough
Passthrough, the fintech focused on the alts sector, is to be acquired by iCapital, the fintech platform for alternative investments.
Gen II upgrades waterfall solutions
Gen II has appointed Beverly Shealy as head of waterfall solutions. She was previously at J.P. Morgan. Gen II has signed a long-term licensing agreement with S7 Fund Ops, a provider of automated waterfall solutions for private capital funds.
Langham Hall appoints head of Lux
Langham Hall, the UK-based administrator, has appointed Elijah Kanevskiy as head of Luxembourg, He joins from Revantage Europe, a Blackstone Group portfolio company, where he was CFO.
Sheller joins Juniper Square
Jason Sheller has joined Juniper Square as global head of go-to-market fund administration. Sheller spent seven years at CBRE, and is based in New York.
Gen II hires private credit team
Gen II Fund Services, an independent private capital fund administrator with >USD1trn AuA, has hired Leslie DeRoss and her specialist team to lead and expand the firm’s private credit offering. DeRoss joins Gen II from U.S. Bank.