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…
Category: Alts
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.
Citi & SDX collaborate on private assets
Citi and SDX are collaborating on a project for global issuers and investors. Citi will be tokenising, settling and safekeeping assets on SDX’s digital CSD platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the platform. Expected to be live by the third quarter of 2025, Citi and SDX are developing…
Northern Trust joins Ensemble
Northern Trust has joined Project Ensemble, a Hong Kong Monetary Authority initiative, to help develop an experimental framework for cross-border trading of digital carbon credits. The collaboration aims to explore how overseas investors can access tokenised voluntary carbon credits traded in Hong Kong. The project will be supported by the Northern Trust Carbon Ecosystem, a…
Ultimus hires fund services chief
Ultimus Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has appointed Teresa Connors as executive vice president, fund services. Connors will oversee the fund accounting, financial administration, tax, and portfolio compliance teams. She was most recently at State Street.
Northern Trust wins ECO mandate
Northern Trust has entered into a service agreement with UK-based Ecosystem Certification Organisation (ECO) to provide recordkeeping and settlement services for digital carbon credit units issued to project developers under the Natural Forest Standard (NFS), which is administered and governed by ECO. Under the agreement, Northern Trust will record the Natural Capital Credits generated by…