Vistra, the Singapore-based provider of administration and corporate services, has appointed Nicole van Bunge as country managing director for the Netherlands. She joined Vistra Netherlands as head of business development in 2016.
Category: Alts
Apex to administer new energy fund for Federation Asset Management
Apex Group has expanded its relationship with Federation Asset Management to administer the Sustainable Australian Real Asset Trust (SARA), an energy transition investment fund. Apex will provide fund administration, share registry and regulatory services. SARA will invest in renewable energy projects and developments, energy storage systems and other sustainable infrastructure projects and developments across Australia…
PNC appoints SS&C for accounting and operations
Producer’s National Corporation, a U.S.-based insurance holding company, has selected SS&C to manage accounting and operations across its alternative and fixed income investment portfolios. The mandate covers PNC’s three insurance companies: Unique Insurance Company, Viva Seguros Insurance Company, and Stonegate Insurance Company.
CSC secures Irish depositary licence
CSC, a U.S.-based service provider, has secured a specialised depositary licence from the Central Bank of Ireland. This follows CSC’s Irish fund administration licence in 2020. CSC anticipates fund administration and depositary licenses in Luxembourg will follow shortly, which will complement existing service offerings in Ireland and the Netherlands.
Apex acquires Israel’s Tzur Management
Apex has acquired Tzur Management, an Israeli fund administrator with offices in Tel Aviv and New York. The acquisition of Tzur will add 90 employees and AuA of USD13bn. Founded in 2011, Tzur is a full-service fund services provider serving clients in the global alternative investment sector.
Catalyst hires Danielle Faul
Catalyst, the Cayman-based start-up administrator, has hired Danielle Faul as manager, digital fund services. She joins from Harmonic Fund Services, a Cayman-based independent financial services firm specialising in alternatives.
Cowen invests in PolySign to develop digital assets custody
Cowen Digital Asset Investment Company LLC, a division of U.S.-based investment bank Cowen Inc., and PolySign, Inc. have formed a strategic partnership, to enable Cowen’s institutional clients to secure, access and leverage cryptocurrencies and digital assets in their portfolios. In support of the partnership, Cowen has made a USD25m investment in PolySign, leading the USD53m…
Credit Value Partners launches ILP
Credit Value Partners LLC, a U.S.-based private capital firm, has launched one of the first funds to be set up using the new Irish Investment Limited Partnership regime. Carne Group has been appointed as ManCo, with U.S. Bank appointed as administrator and depositary.
Sanne launches Dutch loan agency service
Sanne, the UK-listed fund and corporate services provider, has launched a loan agency service in the Netherlands. It augments Sanne’s existing loan agency business operating in London, Madrid, and New York.
Apex launches SPAC outsourced COO solution
Apex Group has launched an outsourced Special Purpose Acquisition Company COO solution through its subsidiary, Throgmorton US. Daniel Strauss, CEO of GlassBridge Enterprises Inc., a holding company focused on asset management opportunities, will be joining Apex in an advisory capacity to help deliver the solution.