NatWest Trustee and Depositary Services, part of Royal Bank of Scotland, has been appointed as depositary for a new Dalmore Capital Limited Fund, Dalmore Capital Fund 4 LP. Dalmore Capital is a UK-based fund management company which focuses on investment in infrastructure assets in the UK. It currently manages over GBP5.5bn (USD7.5bn).
Category: Alts
True appoints Mainspring for new PE fund
Mainspring, a UK-based administrator, has been appointed as fund administrator for True’s third private equity investment fund of GBP275m (USD377m).
PEF appointed by RFE
PEF Services LLC, the alternatives administrator recently acquired by CSC, has been appointed by RFE Investment Partners to provide fund administration services. RFE is a U.S.-based private equity firm.
Laura Hazzard joins Sanne
Laura Hazzard has joined Sanne as a director within the private equity division in Jersey, C.I. She was previously at Apex.
Margarita Murray joins Citco
Margarita Murray, who left the industry in 2018 after working for Standard Chartered and HSBC in the U.S., has joined Citco as a senior relationship manager, based in New York.
Apex partners with VCP
Apex has entered into a joint venture with VCP Advisors, a UK-based provider of financial, advisory and capital raising services for corporate and fund manager clients. VCP works with companies and closed-ended and open-ended funds across the private equity, private credit, venture capital, infrastructure, real estate and hedge fund asset classes, providing advisory, capital raising…
Duncan Christie joins Gen II in Luxembourg
Gen II Fund Services, the specialist private assets administrator which has USD600bn AuA, has appointed Duncan Christie as head of operations and client services and a member of the executive committee in Luxembourg. He joins from IFDS in Luxembourg, where he was COO, responsible for operations, client service, business transformation, and research & development.
JTC acquires Segue Partners
JTC, the C.I.-based administrator, has acquired Segue Partners, a fund services business headquartered in St. Louis, Missouri. Founded in 2010, Segue provides fund solutions to private equity, venture capital and debt funds, as well as family offices. Michelle Murray, managing director and founder of Segue, will continue to lead the business, The transaction is not…
Northern Trust applies AI to alternative investment data
As part of its initiative to digitise alternative asset servicing, Northern Trust has launched an AI-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients. Built in collaboration with Microsoft Azure Applied AI Services, and business and consulting firm Neudesic, the proprietary solution transforms…
Apex participates in Series A funding for Inveniam
Inveniam Capital Partners, Inc will close its USD25m Series-A round this month with lead investments from Apex Group, K20 Fund, Dev.Pro, and Global Blockchain Ventures. Inveniam’s software platform, Inveniam.io, is an operating system for real asset data in the decentralised market.