ZEDRA, the Switzerland-based administrator, has appointed Damien Fitzgerald as head of funds for Guernsey. Prior to joining ZEDRA, he was head of funds at TMF Group in Guernsey, Zedra’s Guernsey fund team specialises in fund establishment and administration, company secretarial services and governance, as well as financial accounting and NAV production. In Q4 2020, ZEDRA’s…
Category: Alts
Apex to provide fund admin services for Bee Alternatives
Apex has been appointed, to provide fund administration and regulatory services to Bee Alternatives Limited, an independent Japan-based manager dedicated to secondary private equity investments. Bee Alternatives has its origins as part of Ant Capital Partners Co. Ltd., where the team were one of the pioneers of secondary investments in Asia. Bee Alternatives now manages…
Aztec supports new fund launch for MML Capital
Aztec, the C.I.-based administrator, has supported MML Capital, a private equity investment firm and longstanding client, with the fundraising activities and final close of its latest fund, MML Partnership Capital VII SCSp. MML broke through its hard cap, raising EUR670m (USD783m). Aztec will provide administration and accounting services to the fund and its investment structures…
UMB Fund Services wins two mandates
Pear Tree Advisors, a U.S. manager, has appointed UMB Fund Services to provide fund accounting and global custody services for its mutual funds. UMB will provide global custody through its institutional custody division, while the fund services division will also provide tax and reporting services to Pear Tree’s six funds, which have USD5bn AuM. UMB…
New CEO at SIX Digital Exchange
SIX Digital Exchange has appointed David Newns as CEO, replacing Tim Grant, who is moving to Galaxy Digital. Newns joins from State Street, where he was global head of GlobalLink Execution Services, which includes the FXConnect and Currenex trading platforms.
Langham Hall supports Coniston Capital’s maiden fund
Langham Hall has supported Coniston Capital, a UK-based private equity investor, with the launch of its maiden fund, Coniston Capital I LP, which has initially closed at GBP24m (USD33m). Langham Hall has been appointed to provide administration and accounting services from its London office.
Ocorian promotes Charlotte Cruickshank to global head of fund onboarding & solutions
Ocorian, the C.I.-based administrator, has promoted Charlotte Cruickshank to global head of fund onboarding and solutions. Based in Jersey, she will oversee fund services for private equity, venture capital, real estate, and infrastructure fund managers, reporting to Mike Hughes, global head of service lines and business development. She joined Ocorian in 2018.
Preqin acquires Colmore
Preqin, the UK-based provider of alternative assets data, analytics and insights, has acquired Colmore, a private markets technology, services, and administration business. Colmore’s solutions include LP portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its allocator clients. Colmore monitors more than 3,000 private market funds and more than 40,000 holdings.
CBI approves Crestbridge for fund admin
Crestbridge, the C.I.-based provider of private equity and real estate administration, has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland. Crestbridge opened an office in Dublin earlier this year, and the CBI approval is in anticipation of client demand for ILP fund servicing.
Centaur appoints new global head of business development
Centaur Fund Services, the Ireland-based alternatives fund administrator, has appointed Michael Marisca as global head of business development. Based in Centaur’s U.S. headquarters in New York, Marisca will report to Des Johnson, CEO of Centaur U.S. He joins from RS Metrics.