TMF Group, the Netherlands-based professional services firm, has appointed Paul de Lange as head of fund services in the Netherlands. He will report to Ron Arendsen, head of the Dutch market, and to Andrew O’Shea, global head of fund services. He was previously a director of the real estate unit at Intertrust.
Category: Alts
Crestbridge adds Shaun Davies to its client ops team
Crestbridge, the C.I.-based administrator, has appointed Shaun Davies as a director in its client operations team, based in Jersey. He was previously at Intertrust.
LendInvest selects SS&C GlobeOp for fund admin
LendInvest, a UK platform for property finance, has selected SS&C GlobeOp to provide fund administration services for its existing open-ended fund. As well as fund administration and accounting services, SS&C will provide its e-Investor transaction processing platform, corporate secretarial and Automatic Exchange of Information Agreements (AEOIs).
Apex to acquire Banco Modal’s alternatives business in Brazil
Apex has agreed to acquire Banco Modal’s alternative fund administration business in Brazil (MAF). MAF will add 75 employees to the group, increasing its overall Americas headcount to over 400 people, while broadening its existing presence in LatAm through offices in Rio de Janeiro and São Paulo, complementing its Uruguay office, established in 2013. The…
4Pines hires Jonathan North from Alter Domus as head of product
4Pines Fund Services, the recently formed U.S. private equity administrator, has appointed Jonathan North as head of product. North joins from Alter Domus, where he was head of private clients for the U.S.
Apex to support LCP Fund II for Egypt’s Lorax Capital Partners
Apex, the Bermuda-based global fund and corporate services provider, has been appointed by Lorax Capital Partners to provide fund administration and corporate services to LCP Fund II. Lorax is an Egypt-based private equity firm. Lorax has secured commitments from five LPs, totaling USD142m, for the first close of LCP Fund II.
Kieger appoints Northern Trust to administer Lux funds
Kieger AG a Swiss-based asset manager, has appointed Northern Trust to provide fund administration, global custody, depositary and currency management services for its Luxembourg-domiciled funds. Founded in 2000, Kieger manages assets focused on healthcare, sustainability, private equity and multi-asset portfolios. Its Luxembourg funds are structured as SICAVs and FCPs.
Ultimus supports innovative PE interval fund for Primark
Ultimus Fund Solutions has supported the launch of Primark Private Equity Investments Fund, an interval fund that focuses on private equity and gives non-accredited retail investors access to private equity market investment opportunities. The fund was launched by Primark Capital through a Delaware statutory trust. Ultimus facilitated the fund launch and provides daily administration, accounting…
Gen II hires Bob Caporale as head of strategic business development
Gen II Fund Services, a U.S.-based independent private equity fund administrator, has hired Bob Caporale as head of strategic business development, focusing on developing strategic client partnerships and acquisition opportunities. Most recently, Caporale was CEO of Exchangelodge, a software company that provides data solutions to the alternative investment industry. He also spent 12 years at…
Aztec supports Nordic Capital’s EUR6.1bn Fund X
Aztec Group, the C.I.-based administrator, has supported Nordic Capital with the fundraising activities and final close of Nordic Capital Fund X. Raising EUR6.1bn (USD7.2bn) at final close, Fund X is the largest fund that Nordic Capital has raised. The fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less…