Apex is to acquire a majority stake in Tokeny, the Luxembourg-based tokenisation solutions provider. The transaction, which will see Apex having 100pct control over the next three years, follows the initial investment and strategic partnership with Tokeny announced in 2023.
Category: Alts
Apex hires fintech chief
Apex has appointed Tom Bennett as global head of fintech. In this newly created role, he will lead Apex’s global fintech strategy, enhancing its digital capabilities across private markets, capital markets, and digital assets. Bennett most recently served as group head of innovation at Aztec Group.
Langham Hall supports new PX3 fund
Langham Hall and Carey Olsen have advised PX3 Partners, the London-headquartered private equity firm, on the final close of its inaugural fund, PX3 Partners Fund I, at its EUR500m hard cap. The close brings PX3’s total assets under management to EUR1.1bn.
Alchelyst gets Lux approval
Alchelyst, the Ireland-based alts administrator, has received approval to operate in Luxembourg.
Schroders appoints BNPP
BNP Paribas has won a mandate from Schroders, on behalf of Future Growth Capital, a private markets business formed by Phoenix Group and Schroders to provide UK pension schemes with access to UK and global private markets. BNP Paribas will provide fund administration, global custody and loan administration services in the launches of two new…
NTRS wins LTAF mandate
Northern Trust has been appointed to provide Partners Group with fund administration, depositary, and banking services for its first LTAF. Based in Switzerland, Partners Group is one of the largest firms in the private markets industry with over USD150bn AuM. The new LTAF, the Partners Group Generations Private Credit LTAF, focuses on providing defined contribution…
Apex wins Coinbase mandate
Apex has been selected by Coinbase Asset Management to provide fund administration services, delivered by Apex Malta, specifically tailored for digital asset strategies and its newly announced Coinbase Bitcoin Yield Fund (CBYF).
Valeas replaces Palatine at Suntera
Suntera Global, the C.I.- headquartered provider of fund, corporate and private wealth services, has entered into an agreement with Valeas Capital Partners, an equity investment firm, to acquire a majority stake in Suntera. Under the terms of the agreement, Valeas is committing significant new equity capital to support the expansion of Suntera’s capabilities and global…
Waystone to acquire BIL’s ManCo
Waystone, a European provider of specialist services to the asset management industry, is set to acquire BIL Manage Invest, a ManCo, from Banque Internationale à Luxembourg (BIL) Group, subject to regulatory approval. Waystone’s acquisition of BIL Manage Invest will increase its AuM in Luxembourg by c. 15pct. The acquisition will also support Waystone’s long-term strategic…
Passthrough integrates with Salesforce
Passthrough has integrated with Salesforce to connect the CRM to investor onboarding workflow. Clients using Salesforce can automate investor invites, pre-populate investor data, track real-time status updates, and sync completed documents, without any R&D work.