Permira, the private equity firm, has agreed to acquire JTC Plc, the C.I.-based fund administration group, in a recommended cash deal valuing the company at approximately GBP2.3bn (USD2.8bn). The acquisition is expected to be implemented via a court-sanctioned scheme of arrangement under Jersey law, though it reserves the right to switch to a takeover offer…
Category: Alts
Gen II rolls out Fenergo
Gen II Fund Services, the private capital fund administrator, is rolling out Fenergo, the onboarding and lifecycle management fintech. The initial rollout began in Europe in November, with all locations expected to go live by the end of 2026.
Aztec appoints Sheriff as CRO/COO
Aztec has appointed Akbar Sheriff to its ExCo as chief client success officer and chief operating officer, based in London. He was most recently president and global chief operating officer at Coremont, a provider of cloud-based investment management technology, and previously held roles at McKinsey and State Street.
CORDET appoints Aztec
Aztec has been appointed by CORDET Capital Partners, a specialist credit investor, to provide fund administration and depositary services for its Luxembourg-based funds, Fund II and Fund III. Established in 2013, CORDET is a London-headquartered investment firm that focuses on direct lending to smaller mid-market companies in Northern Europe. Delivered from its offices in Luxembourg…
Bridge selects Allvue
Bridge Alternative Investment Solutions, a U.S.-based fund services provider, has selected Allvue as its technology partner. Allvue is a fintech specialising in private capital markets. With Allvue, Bridge will unify fund accounting, investor services, and reporting.
Agallas launches inaugural RE fund
Agallas Equities LLC, a New York–based real estate investment and development firm, has launched its inaugural fund, the Agallas Equities Real Estate Fund I, with a target capitalisation of ISD400m. Agallas has partnered with NAV Fund Services as its fund administrator, providing administration, accounting, and investor services for the fund.
Securitize partners with BNY
Securitize, a platform for tokenising real-world assets, has launched the Securitize Tokenized AAA CLO Fund, a tokenised fund dedicated to AAA-rated collateralised loan obligations. The fund has been developed in collaboration with BNY, which will act as custodian for the fund’s underlying assets. The fund will be sub-advised by BNY Investments.
Purves steps down from Aztec
Sean Hagerty, who has served on the Aztec Group board as chair since June 2025, will take on the role of executive chairman and interim CEO as Kathryn Purves steps down. Aztec Group is a C.I.-based provider of private markets services. Hagerty is a former chief executive of Vanguard Europe.
BNY wins BaaS mandate from WisdomTree
WisdomTree has appointed BNY as its core banking-as-a-service (BaaS) infrastructure provider for WisdomTree Prime, its retail platform for tokenised assets and cryptocurrency. The collaboration between the two firms cements WisdomTree as BNY’s first retail digital assets BaaS client. WisdomTree Prime is claimed to be the first app to provide access to tokenised funds to U.S.…
FundBank reshuffles in Cayman
FundBank, the banking solutions provider, has made two senior appointments in its Cayman operations. Jerome Ebanks, who has been with the bank since 2023, moves into the role of CEO, Albert Chin will assume the role of COO, having been with FundBank since its inception.