Vistra, the Singapore-based administrator, has launched a loan market solutions business, coinciding with the relocation of Navita Yadav, global head of capital markets, to London. Vistra already provides services for debt market issuances, securitisation and structured finance, aviation ABS and tailored loan administration services.
Category: Alts
Horseshoe appoints Kathleen Faries as CEO
Horseshoe, the Bermuda-based subsidiary of Artex, has appointed Kathleen Faries as CEO. Based in Bermuda, Faries will work closely with Andre Perez, the founder and current CEO, who will assume the new role of executive chairman. Faries was most recently the head of Tokio Millennium Re AG, Bermuda. Horseshoe is a specialist administrator of insurance-linked…
Pure Digital to deploy State Street’s Currenex platform for digital asset trading
Puremarkets Ltd, a UK-based business trading as Pure Digital, has entered into an agreement with State Street to deploy Currenex, State Street’s FX trading technology, as the infrastructure for Pure Digital’s new wholesale digital currency trading platform. Additionally, Pure Digital and State Street intend to further explore opportunities in the digital currency trading space. Pure…
TMF acquires Venture Back Office in the U.S.
TMF Group, a Netherlands-based provider of administrative services, has completed the acquisition of Venture Back Office (VBO), a U.S.-based provider of solutions to private equity, real assets, credit, and emerging manager funds. Following this deal, TMF Group will administer >EUR150bn of client assets. VBO was founded in 2007 and provides a range of fund administration…
BNY Mellon tapped to provide admin services for new bitcoin ETF
BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY…
Sanne acquires STRAIT
Sanne Group, the UK-listed provider of fund and corporate services, has acquired STRAIT, the U.S.-based provider of fund administration, financial oversight and regulatory compliance services for private equity funds, hedge funds, family offices, fund of funds, SPVs and other investment vehicles. STRAIT is headquartered in Dallas, Texas, with more than 50 employees servicing USD20bn AuA.
Hex Trust raises USD6m for expansion
Hex Trust, a Hong Kong-based digital assets custody platform provider, has raised USD6m in a Series A funding round. The investment will enable Hex Trust to scale operations and hire key talent in Hong Kong and Singapore to meet growing institutional interest in digital assets in Asia, particularly among banks, exchanges, and corporate clients. In…
Langham Hall supports Ardent’s new USD530m UK RE fund
The Ardent Companies LLC, an Atlanta-based real estate investment and asset management firm, has launched a USD530m UK real estate investment business, The Ardent Companies UK Ltd. Langham Hall, the UK-based administrator, has supported Ardent with its debut acquisition of a portfolio of 12 industrial sites with a total 67 units of real estate across…
Apex expands loan agency services
Apex, the Bermuda-based financial services provider, has expanded its loan agency services, both to support existing loan administration capabilities and private equity and leveraged finance client needs. The loan agency & administration offering provides tailored services to bilateral, club and syndicated loans and offers transaction support from borrower, lender and debt fund perspectives. The upgraded…
U.S. Bank launches integrated ILP solution
U.S. Bank has launched an end-to-end solution for Irish Limited Partnership (ILP) funds, covering loan administration, fund and investor services, depositary, custody and account banking. U.S. Bank has established a comprehensive ILP solution across its global fund services, depositary services and global corporate trust business lines. U.S. Bank is understood to have secured its first…