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…
Category: Alts
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.
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.
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).
Goku appoints SS&C
Singapore Goku Technologies Pte. Ltd., an AI-driven quantitative investment manager, has appointed SS&C GlobeOp as its fund services provider. The firm has USD4bn AuM. SS&C will provide fund administration services for the Goku Technologies Master Fund. The fund operates a high-volume trading strategy with substantial daily trading activity.
Citi supports Global X ETF
Mirae Asset Global Investments (Hong Kong) Limited, together with Citi’s investor services unit and OSL Group, have launched a tokenised unit class for the Global X HSCEI Covered Call Active ETF (3416), marking the first covered call ETF in Hong Kong to introduce a tokenised unit class.
Lexington appoints SS&C
Lexington Capital Management LP, a U.S.-based hedge fund manager, has appointed SS&C GlobeOp as its fund administrator. SS&C will provide fund services across >USD1bn in assets.
TMF acquires in Finland
TMF Group, a Netherlands-based provider of global administrative and compliance services, is to acquire Navigator Partners, a Finland-based provider of fund and investor administration, corporate and foundation management services. Headquartered in Helsinki, Navigator Partners provides services including fund administration, accounting and reporting, payroll services, property management administration, foundation administration, and tax compliance services. The business…
PennantPark selects Ultimus
PennantPark Investment Advisers has appointed Ultimus to assist with the launch and ongoing operations of its new interval fund, PennantPark Enhanced Income Fund. PennantPark is an alternative credit specialist, and manages c.USD10bn of investable capital,