CoreVest, a Redwood Trust company, will implement SS&C’s Precision LM loan management software. CoreVest is a lender to residential real estate investors in the U.S., with >USD10bn in loans funded and 100,000 units financed.
Category: Alts
Aztec supports FSN Capital’s latest fund launch
Aztec supported FSN Capital, a northern European private equity investment firm, with the launch of its latest mid-market fund, FSN Capital VI. Following its launch, Aztec will continue to provide ongoing administration and accounting services to the fund and its investment structures from its Jersey office.
Mainspring to administer new BVI fund
Mainspring Fund Services, a UK-based administrator, has been appointed as administrator for Family & Friends, a recently launched fund domiciled in the British Virgin Islands.
REQ appoints RBC for Irish ICAV admin
REQ AS, a Norwegian asset manager, has selected RBC Investor Services as the service provider for its Irish UCITS ICAV. RBC will provide administration, depositary, custody and middle office services.
Sanne appoints David Fowler as global head of PE
Sanne, a UK-listed provider of alternative asset and corporate business services, has appointed David Fowler to the role of global head of private equity. Fowler joined Sanne in 2019 to head up the Singapore business. He will relocate to London. Sanne is currently the subject of a possible all-cash offer from Cinven, a venture capital…
Hex Trust receives funding from Cyberport
Hong Kong-based Hex Trust, a digital asset custodian, has secured investment from Cyberport, Hong Kong’s largest fintech hub, which is wholly owned by the Hong Kong SAR government.
Fidelity Digital Assets launches third party clearing & settlement
Fidelity Digital Assets is launching third-party clearing and settlement capabilities with TP ICAP, one of the world’s largest inter-dealer brokers. The collaboration with TP ICAP aims to deliver a new trading model that will enable clients to buy bitcoin with USD stored on the Fidelity platform via TP ICAP’s new digital asset platform, and to…
Crestbridge appoints Dean Hodcroft as chief executive
Crestbridge, the C.I.-based administrator, has appointed Dean Hodcroft as chief executive. He joins from Cale Street Partners LLP, a real estate investment firm. Prior to that, he spent 26 years at Ernst & Young, leading the real estate tax group before being appointed head of EY’s real estate practice for EMEIA.
Aztec supports Endeavour Vision’s USD375m fund
Aztec, the C.I.-based administrator, has supported Endeavour Vision with the fundraising and final close of its latest fund, Endeavour Medtech Growth II LP, which closed with commitments of USD375m. Aztec will continue to provide administration and accounting services to the fund and its investment structures from its Guernsey office.
American Venture Partners appoints Apex
Apex has been appointed by American Ventures Partners, a commercial real estate investment company, to provide fund administration, tax compliance and related corporate services. American Ventures recently launched the American Ventures Strategic Property Fund with a target capital raise of USD1bn to invest in distressed U.S. commercial real estate.