Apex Group has appointed Michael Sheahan as global head of real estate. Sheahan joins from Vistra, where he was global sector lead, real estate, and country managing director, Luxembourg. Based in London, Sheahan will report to Srikumar T.E., global head of fund solutions. Apex claims to have over USD300bn in AuA across the private equity…
Category: Alts
NES to administer OZ for Four Points Funding in Colorado
NES Financial, the Silicon Valley administrator that was recently acquired by JTC, has contracted to provide its purpose-built opportunity zone fund administration solution to Four Points Funding LLC, an OZ fund manager and fund sponsor with real estate and operating business investment offerings throughout rural Colorado.
Ardian appoints Aztec to administer EUR19bn secondaries platform
Aztec Group, the C.I.-based administrator, has been selected by Ardian, the French private investment firm, to administer its eighth-generation secondaries platform, ASF VIII, said to be the world’s largest secondaries platform. ASF VIII attracted commitments totalling USD19bn from 275 investors in nearly 40 countries. Ardian, an Aztec client since 2013, has USD96bn AuM.
Alter Domus to administer Corten Capital’s EUR392m PE fund
Alter Domus in Guernsey has supported UK-based Corten Capital in reaching final closing of Corten Capital I, its first private equity fund, at EUR392m. Alter Domus will provide ongoing administration, reporting and regulatory services to the Corten Capital I structure.
UAE’s Sancta Capital Advisors picks Northern Trust for custody & brokerage
Northern Trust has been selected by Dubai-based asset manager Sancta Capital Advisors to provide brokerage and global custody services. Sancta Capital is part of Sancta Capital Group, an alternative investment manager founded in 2013. Sancta Capital will use Northern Trust’s agency-only brokerage service, in addition to global custody for local and global mandates.
U.S. Bank to provide MO services for Carlyle Group’s CLO portfolio
The Carlyle Group has appointed U.S. Bank to provide middle office and financial reporting services for its CLO portfolio, comprised of more than 50 U.S. and European CLOs. This dual mandate expands U.S. Bank’s current service offering with Carlyle. The Carlyle Group manages more than USD25bn in CLOs in the U.S. and in Europe.
Ocorian hires Nick Bland as head of UK client services
Ocorian, the C.I.-based administrator, has appointed Nick Bland as head of UK client services. Based in London, he will manage client service delivery to corporate and institutional clients, private clients, alternative investment funds and corporate trust clients. He joins from Deutsche Bank.
Aztec Group to administer two new VC funds for Lakestar
Aztec Group, the C.I.-based administrator, has supported the European venture capital specialist firm, Lakestar, with the closing of Lakestar III and Lakestar Growth I funds. Lakestar III closed with commitments of EUR252m, whilst Lakestar Growth I raised a total of EUR426m. Aztec’s private equity team in Guernsey will provide ongoing administration and accounting services.
BNP Paribas to act as depositary for new FII SGR PE fund in Italy
BNP Paribas Securities Services has been selected by Fondo Italiano d’Investimento SGR (FII SGR) to provide depositary banking services to its Fondo Italiano di Minoranze per la Crescita, a new private equity fund dedicated to minority investing. FII SGR was created in 2010 at the initiative of the Italian Ministry of Economy and Finance and…
HSS in India launches DerivEasy for F&O trade management
HSBC Securities Services in India has launched DerivEasy, a web platform that will allow HSBC’s institutional investors to get access to near real-time information on their futures and options trades. DerivEasy aims to simplify the trade validation process, whilst supporting investors in monitoring of margin requirements on existing and prospective trades, collateral utilisation, and position…