PEF Services, a U.S.-based fund administrator for alternative investment managers, has been selected to provide fund administration services to Blue Flag Partners, a U.S.-based real estate firm.
Category: Alts
Fidelity launches digital asset collateral service with BlockFi
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has launched a new service that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which is integrated…
IQ-EQ hires Wendy Piergolam as U.S. head of client development
IQ-EQ, the Luxembourg-based administrator, has hired Wendy Piergolam as head of client development for the U.S., a newly created position. In her new role, Piergolam will operate primarily under the banner of IQ-EQ subsidiary brand, Blue River, which became part of the group following its acquisition earlier this year. Blue River is a provider of…
SC and Northern Trust launch cryptocurrency custody solution
SC Ventures, the innovation and ventures unit of Standard Chartered, has entered into an agreement with Northern Trust to launch Zodia Custody, an institutional custody solution for cryptocurrencies. Zodia is designed to enable institutions to invest in the emerging cryptocurrency assets, including transaction and settlement activities. Under the agreement, which is subject to registration with…
Alter Domus appoints Tim Houghton as COO
Alter Domus, the Luxembourg-based solutions provider for the alternative investment industry, has appointed Tim Houghton as chief operating officer and a member of the group executive board. Previously, he was Alter Domus’ head of core products and group operations. Houghton joined in 2018 following the acquisition of Cortland Capital Market Services, of which he was…
SIX takes stake in Custodigit
The Swiss Stock Exchange has made an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom, and Sygnum Bank will enable Swiss banks to offer access to digital assets for their customers through an institutional digital asset gateway. The gateway will support the complete…
Vuna Partners appoints Prescient as administrator for PE fund
Vuna Partners (Pty) Ltd, a mid-market private equity firm based in South Africa, has selected Prescient Fund Services as fund administrator for the Vuna Partners Fund I. Vuna Partners has been seeded by Thuso Incubation Partners, a black-majority-owned private equity incubator. Earlier this year Thuso appointed Prescient to administer its fund of private equity funds.
Sanne to acquire PEA in Denmark
Sanne, the UK-listed provider of alternative asset and corporate business services, has agreed to acquire Private Equity Administrators, a Denmark-headquartered private equity fund administrator. PEA specialises in providing fund administration and depositary services to alternative fund structures. The business also has operations in Sweden and Guernsey, with over 55 employees and >EUR27bn AuA. This is…
Crestbridge hires Raul Ramos to head Jersey PE fund accounting
Crestbridge, the C.I.-based administrator, has appointed Raul Ramos as associate director and head of private equity fund accounting – Jersey. He joins from Intertrust, where he led the accounting service team and various large-scale projects in the Jersey office, as well as acting as director to Jersey companies and unregulated funds.
Kelly Ramsey Gooch joins Ultimus LeverPoint from SS&C GlobeOp
Ultimus Fund Solutions has appointed Kelly Ramsey Gooch as client relationship officer for Ultimus LeverPoint, the firm’s private fund administration services group. She joins from SS&C GlobeOp. Ultimus bought LeverPoint in 2019.