PACT Capital, an independent GP stakes firm for middle-market fund managers, has selected LemonEdge, the fund accounting solution for private markets funds, to anchor its back-office operations. Headquartered in New York, PACT leverages advanced technology, including its proprietary imPACT platform, to assist fund managers in improving internal operations as well as outcomes for underlying portfolio…
Category: Alts
Alchemy expands with NTRS
Alchemy Partners is expanding its relationship with Northern Trust to deliver asset servicing solutions for its latest special opportunities fund, Alchemy Special Opportunities Fund V L.P. (ASOF V). ASOF V surpassed Alchemy’s fundraising target, securing total commitments of c. EUR1bn (c. USD1.03bn). Based in London, Alchemy is a private equity firm specialising in investing in…
Vistra links to 1776ing
Vistra, the Asia-based administrator, has partnered with 1776ing, a fintech platform for alternative investments, to streamline investor data transfer through direct digital connectivity. The integration with 1776ing will enable Vistra to deliver a fully digitised subscription process for alternative investments. The result will be an instant, complete and active investment record in Vistra’s transfer agent…
HUB wins new mandate
HUB, the fund services provider in which State Street has a stake, has been appointed by Gresham House Ireland to provide HUB Performance Reporting, a SaaS solution designed to automate and simplify performance reporting and factsheet production. Gresham House Ireland, an alternative asset manager, will use HUB to automate performance reporting, standardise factsheet generation, and…
Northern Trust expands relationship with First Sentier
Northern Trust has been appointed to provide asset servicing solutions to Igneo Infrastructure Partners as its global private capital administration partner. Igneo manages USD20bn of assets. It is the direct infrastructure investment team of the First Sentier Investors Group, a major Northern Trust client. Northern Trust will deliver solutions servicing Igneo’s funds domiciled in Australia,…
IDR hires from BNY
IDR, a private markets investor onboarding platform, has hired Kevin Skorzewski as senior commercial development director, based in New York. He joins IDR from BNY where he led the bank’s alternative asset managers business development team for the Americas.
DTCC launches digital asset solution
DTCC has launched ComposerX, a suite of platforms designed to streamline token creation and settlement with the objective of accelerating digital asset adoption. ComposerX is an end-to-end solution for managing digital assets through their full lifecycle, including issuance, distribution, servicing, and reporting.
Ocorian hires from BNPP
Colm O’Brien has joined Ocorian as head of EMEA sales – funds. Prior to joining Ocorian, he was global head of sales, alternatives, for BNP Paribas’ securities services business.
Gen II hires head of depositary services
Gen II Fund Services LLC has appointed Massimo Bernacchia as its new head of depositary services in Luxembourg. He will be responsible for the leadership and development of depositary services in Europe. He joins Gen II from a global wealth manager where he was the head of the business’s safekeeping and cash monitoring team for…
Altum appoints head of Jersey
Altum Group, the UK-based provider of fund, corporate and family office solutions, has appointed Scott McClure as managing director for Jersey. He previously worked at a global fund administrator and held various leadership roles at a Big 4 professional services firm.