CACEIS has been selected to service the new MED Platform I fund run by ArchiMed, a private equity firm specialising in the healthcare sector. The mandate covers depositary bank, custody, middle-office, fund accounting and financing services for the fund, which reached a EUR1bn final close.
Category: Alts
TMF to acquire Selectra ManCo in Luxembourg
TMF Group and Farad Group have signed an agreement for the acquisition of Selectra Management Company by TMF Group from Farad Group. Completion of the transaction is subject to regulatory approvals from the Commission de Surveillance du Secteur Financier. Selectra is a regulated management company based in Luxembourg, servicing both AIFs and UCITS.
Apex hires Barry Hindmarch for senior real estate role
Apex Group, the Bermuda-based financial services provider, has appointed Barry Hindmarch to the newly created role of head of real estate, UK & Ireland and Channel Islands. Hindmarch was previously at BlackRock, where he was a director with responsibility for managing the finance team reporting on various open and closed-ended EMEA real estate funds.
Itau USA Asset Management consolidates with SS&C GlobeOp
Itaú USA Asset Management has selected SS&C GlobeOp as its fund administrator. IUAM is the U.S. investment management arm of Itaú Unibanco, Brazil’s largest non-government bank. SS&C will provide fund administration, including full middle and back office services, investor services, performance analytics, regulatory compliance assistance and risk-related services for Bank Itaú’s Cayman-domiciled funds.
Centaur appoints Louise Lawlor as CFO
Centaur Fund Services, the Ireland-based administrator, has appointed Louise Lawlor as group chief financial officer. She is based in Dublin. Prior to joining Centaur, Lawlor worked at Key Capital, an Irish wealth, investment and corporate advisory firm, where she advised financial services businesses on mergers and acquisitions, capital raisings and other strategic initiatives.
Northern Trust adds reporting functionality to Front Office Solutions
Northern Trust has released two new reporting capabilities – valuation status and advanced client reporting – for its Front Office Solutions clients. The new FOS valuation status tool enables institutional investors to more accurately measure current portfolio values and issues alerts when prices are updated. The advanced client reporting tool allows users to customise report…
Sanne hires Keith Miller as global head of private debt
Sanne, the UK-listed provider of alternative asset and corporate administration services, has appointed Keith Miller as the global head of private debt. Based in London, he will be responsible for building the private debt and loan agency product offering. Miller joins from Global Loan Agency Services Limited and Nomura International Plc. Sanne’s private debt business…
Aztec appointed to administer Deutsche Private Equity’s latest fund
Aztec Group, the C.I.-based administrator, been appointed to administer Deutsche Private Equity’s EUR1bn Fund IV. Aztec will provide administration, reporting and investor services to the fund from its offices in Jersey, Luxembourg and the Netherlands. Aztec also administers DPE’s Fund II and Fund III Established in 2007 and with >EUR2bn AuM, DPE is an independent…
Crestbridge hires Aaron Bird for business PE development role
Crestbridge, a provider of private equity and real estate administration solutions, has appointed Aaron Bird as associate director of business development. Based in Jersey, Bird is responsible for growth, client acquisition and business development, focusing on mid-cap fund managers in the global private equity and venture capital space. Bird was previously an independent consultant.
Mainstream launches PE services in AsPac with KDB as first client
Mainstream Fund Services, an Australian administrator, has launched its private equity solution in Asia-Pacific. Mainstream has signed Korea Development Bank Asia Limited as its first client in the region, administering KDBA’s Cayman fund in Hong Kong.