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…
Category: Alts
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…
Crestbridge hires Carol Ann Rotsey as governance services director
Crestbridge, the C.I.-based administrator, has appointed Carol Ann Rotsey as governance services director. She will provide independent director services to a range of UK fund and corporate structures. She will also oversee the administration and client service team in Crestbridge’s London office. Prior to joining Crestbridge, Rotsey was the executive director and the head of…
Sanne secures depositary licence in Ireland
Sanne, the UK-listed provider of alternative asset and corporate administration services, has secured a specialised depositary licence from the Central Bank of Ireland. Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes in compliance with all AIFMD obligations.
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…
Lemanik to act as AIFM for new 3B health fund in Luxembourg
3B FUTURE HEALTH GP S.a.r.l., a Luxembourg-based GP, has launched the 3B Future Health Fund II, focused on early-stage investment opportunities in areas of high unmet patient needs. The fund is structured as a Luxembourg RAIF with Lemanik as the independent third party AIFM.
AssetMetrix establishes account management function
AssetMetrix, the Germany-based specialist asset servicing provider in which BNP Paribas has a stake, has appointed Joerg von Taube as head of the newly created account management function within its business development team. He joined AssetMetrix in 2017.
NES to service new OZ fund in Puerto Rico
NES Financial, the Silicon Valley-based administrator owned by JTC, has been contracted to provide its Opportunity Zone fund administration solution to Puerto Rico Opportunity Zone Fund, LP, an Opportunity Zone fund managed by Monllor Capital Partners LLC, a minority-owned alternative asset manager and fund sponsor with operations in the Commonwealth of Puerto Rico.
AMF approves FundRock’s French AIFM service
FundRock, the European third-party ManCo and AIFM that is owned by Apex Group, has received regulatory approval from AMF, the French financial markets regulator, for FFAM, its new AIFM service in France. The new service will assist international and domestic professional investors in accessing alternative asset classes, including private equity and real estate.
State Street appoints O’Reilly to head alts in EMEA
State Street has appointed Vincent Georgel-O’Reilly as regional segment head for alternatives in EMEA. In this new role, O’Reilly covers hedge funds and private markets and is responsible for advancing the investment services strategic direction, product structuring, sales and operations in EMEA. He reports to Paul Fleming, global head of alternatives and Joerg Ambrosius, chief…