Copper, the UK-based provider of custody and prime services for digital assets, has appointed Sabrina Wilson as chief operating officer. She was previously at Citi, where she was the global co-head of the futures, OTC clearing and FX prime brokerage business.
Category: Alts
Elevar appoints SS&C GlobeOp
Elevar Equity, an emerging markets-focused venture capital firm, has appointed SS&C GlobeOp as its fund administrator. The Cayman Island-based venture capital firm has a range of funds domiciled in the Cayman Islands, Canada, Mauritius and India. SS&C’s India-based team will support the business.
Anchorage expands asset coverage
Anchorage Digital, the U.S.-based, federally chartered bank that acts as a digital custodian, has added custody support for 31 new digital assets from Q4 2021 to date. Anchorage recently completed a USD350m Series D funding round led by KKR, valuing it at >USD3bn.
Saltgate hires new head of depositary
Saltgate, the C.I.-based alternatives administrator with c. USD100bn AuA, has named Jean-François (Jeff) Flamant as its head of depositary. He joins from TMF Group, where he was head of depositary services.
NatWest wins new depositary mandate
NatWest Trustee and Depositary Services has been appointed as the depositary for Beechbrook Capital LLP’s latest fund in its UK SME strategy, Beechbrook UK SME Credit III LP. Beechbrook Capital is a specialist direct lender which focuses on investments in small to medium-sized businesses (SMEs) across a range of industries in the UK and Europe.
Waystone supports new energy fund
Waystone, the provider of global governance and third-party ManCo services, has supported the launch of the Kayne Anderson Renewable Infrastructure Fund on the MontLake UCITS Platform ICAV. The fund, managed by Kayne Anderson Capital Advisors L.P., follows a long-only strategy, investing in listed renewable infrastructure companies that are involved in business activities related to renewable…
Preqin expands in Europe
Preqin, the provider of alternative assets data, tools, and insights, has opened an office in Frankfurt, Germany.
HSBC launches new PA admin platform
HSBC has launched a new technology platform to provide private asset administration services to asset owners and managers. The new platform, powered by SEI, offers private asset investors digital workflow and reporting solutions, allowing them to oversee (via a consolidated data stack) all aspects of their operating model – from fund accounting to investor reporting.…
Avanti rebrands as Custodia
Avanti Financial Group, Inc. has rebranded as Custodia Bank, Inc., as a precursor to the launch of its digital asset bank. Custodia Bank plans to launch in Q2 with U.S. Dollar deposit accounts for business customers, initially providing ACH and Fedwire services. The post-launch roadmap includes digital asset custody, Avit (a payment instrument similar to…
Northern Trust supports 5CP’s USD144m fund launch
Northern Trust has been appointed by 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with USD144m in capital commitments. Northern Trust…