NES Financial, the Silicon Valley-based administrator owned by JTC, has been appointed to provide private equity fund administration services to Participant Capital’s Legacy Fund, LP. Participant Capital is the private equity arm of Royal Palm Companies, a Florida-based real estate and development firm.
Category: Alts
IQ-EQ to service new fund for Premico
IQ-EQ, the Luxembourg-based administrator, has been appointed to administer the latest fund of Finnish real estate investment and development firm, Premico. This new fund, Premico Carbon Neutral Residential Fund I, is the first residential fund in the Nordic region focused on constructing sustainable residential buildings with low carbon footprints. Premico is targeting EUR200m with a…
UMB to service Bow River’s Evergreen Fund
UMB Fund Services has been appointed to provide fund administration services for Bow River Capital’s Evergreen Fund, a private equity fund that has been converted to a registered product.
Centaur adds two managers to U.S. PERE team
Centaur Fund Services, the Ireland-based provider of fund administration and fiduciary services for the alternatives sector, has appointed two managers to its U.S. private equity and real estate team. Grant Della Torre joins from MG Stover, and Kyle Solheim joins from SS&C.
Finian Power joins Prescient in Ireland
Prescient Fund Services (Ireland) Limited, an independent provider of ManCo, UCITS and AIFMD platform and fund administration services, has appointed Finian Power as head of investment manager oversight, based in Dublin. He joins from DMS Governance. Prescient’s Irish business recently reachedUSD4bn AuA across its traditional and alternative UCITS and AIFMD platform businesses.
SGSS to act as depositary for new RE fund in Italy
SGSS in Italy has been chosen by Invimit SGR, a company owned by the Ministry of Economy and Finance, to provide depositary bank services for its new Dante real estate fund.
Commerz Real appoints BNP Paribas as depositary for new LTIF
Commerz Real AG, a subsidiary of Commerzbank, has appointed BNP Paribas in Luxembourg as depositary bank for its European Long Term Investment Fund, KLIMAVEST. The fund’s policy is to invest in renewable energies, infrastructure, transport, mobility and forestry. The goal of this public fund, distributed in Germany, is to invest EUR25bn.
Sanne appoints Peter Nagle as chief commercial officer
Sanne, the UK-listed administration and corporate services provider, has promoted Peter Nagle from global head of client growth to the role of chief commercial officer. Nagle will be responsible for client service delivery in all jurisdictions and the firm’s continued commercial development. He joined Sanne in 2018 to lead the Mauritius business.
Crestbridge hires Alex Di Santo as group head of PE
Crestbridge, the C.I.-based provider of fund and corporate services, has appointed Alex Di Santo as group head of private equity, based in Jersey. He joins from Intertrust, where he was head of private equity for the Jersey operation.
Citco opens office in ADGM
Citco, which has >USD1trn AuA globally, has opened an office in the Abu Dhabi Global Market (ADGM), an international finance centre in the United Arab Emirates, after increasing its AUA in the region last year to approximately USD125bn.