Apex has been appointed to provide fund administration services to Midtown Capital Partners LLC, a U.S.-based real estate investment firm focused on acquiring properties in the office, retail, industrial, and multifamily markets. Midtown has executed more than USD500m in acquisitions in the past five years, with a current portfolio valued at USD800m.
Category: Alts
Sanne appoints new head of Ireland
Sanne, the UK-listed provider of alternative asset and corporate business services that is in the process of being taken over by Apex, has appointed Graeme Rate as head of Ireland. He joined Sanne in 2016 to lead the South Africa and Malta businesses, and will relocate to Dublin.
Confluence adds18f-4 derivatives monitoring solution to existing client relationship
Confluence Technologies, a U.S.-based technology solutions provider for the investment management industry, has expanded its partnership with a large Midwest insurance and multi-strategy investment firm that will now deploy Confluence’s cloud-based Revolution platform for its 18f-4 derivatives and risk monitoring needs. The multi-strategy firm, which already uses Confluence’s Unity NXT Regulatory Reporting platform, will implement…
Gordian expands SS&C relationship
Gordian Capital, an Asia-based institutional fund management platform with AuM of USD7bn, has expanded its relationship with SS&C in Singapore and Japan. The platform, which uses SS&C GlobeOp for fund administration, has added the Eze Investment Suite to support trading, portfolio and risk management. Gordian Capital will now take advantage of the integrated solution in…
EFA wins mandate for new AMDG PE fund
EFA, the independent Luxembourg-based administrator, has been appointed by AMDG Private Equity for administration and accounting for its new FPCI Croissance PME 1. The fund will invest in small, medium and mid-sized unlisted growth companies, primarily in France.
Greencoat taps Langham Hall for U.S. energy funds
Greencoat Capital LLP, a UK-based infrastructure manager dedicated to the renewable energy sector, has launched its U.S. operations as it opens offices in New York and Chicago. Greencoat aims to invest USD5bn in the U.S. over the next 5 years, in addition to the USD500m already invested in wind farm portfolios in Texas and Illinois.…
MNK PARTNERS chooses EFA for new RE fund
EFA has been chosen by MNK PARTNERS. a European real estate investor, for administration and accounting services for its new real estate fund, FPS Polska by MNK. The fund will initially invest directly or indirectly in assets in Poland.
BP2S signs EUR16bn deal with Van Lanschot Kempen
BNP Paribas Securities Services has signed a strategic partnership with Van Lanschot Kempen (VLK) which includes two new mandates covering EUR16bn in assets (USD18.5bn). VLK is a Netherlands-based specialist independent wealth manager. As part of this partnership, BP2S will provide Kempen Capital Management, the asset management arm of VLK, with global custody, depositary bank, fund…
State Street wins digital custody mandate
State Street has been appointed to provide custody services to the Digital Securities Depository Corporation (DSDC). DSDC operates a cross-border securities settlement infrastructure with third-party regulated financial institutions to create, issue and service digital depositary receipts (DDRs) in the US public market. The securities underlying the DDRs will include the non-US listed equity securities DSDC…
JTC Americas wins OZ mandate for mining fund
JTC Americas (formerly NES Financial) has entered into an agreement with the Darwin Metals Mining Opportunity Zone (OZ) Fund to provide fund administration services related to the reopening of a Californian mining district. Javelin Securities, LLC, a registered broker/dealer focused on vetting and raising capital OZs, has been retained to raise capital for the Darwin…