HV Capital, a European early-stage and growth investor, has added an additional four private equity structures to the portfolio under depositary at CACEIS Germany. CACEIS now provides depositary services for 12 of HV Capital’s Special-AIFs, representing c. EUR2.1bn (USD2.2bn) in assets.
Category: Alts
Socium partners with Cascata
Socium Fund Services, the U.S.-based subsidiary of Suntera Global specialising in private equity, private credit, real estate, and venture capital fund administration, has partnered with Cascata Solutions, a provider of automated waterfall distribution software. Together, they aim to deliver carried interest, management fee, and expense accounting services for Socium’s private fund clients.
HSBC to launch digital assets custody service
HSBC plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities. Once live in 2024, HSBC’s new service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering for tokenised physical gold. The new service does not cover cryptocurrencies or…
DZ BANK launches digital asset custody service
DZ BANK, a BaFin-regulated financial institution and one of the largest custodians and depositary banks in Germany, has launched an institutional digital asset custody offering. Metaco’s Harmonize solution has been deployed as the service platform. One of the first use cases was to onboard a Siemens tokenised bond, in which both DZ BANK and Union…
Apex enters Portugal
Apex has acquired Watermark Consulting, a Portugal-based provider of accounting, reporting, tax compliance and administrative services. Watermark serves clients including asset managers, multinational corporates, SMEs and real estate investors, delivering set-up and incorporation, accounting and reporting, tax compliance, fiduciary, HR, and administrative services. Watermark has 16 staff.
NTRS partners with Novata
Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…
IQ-EQ opens in ADGM
IQ-EQ, the Luxembourg-based administrator, has opened in Abu Dhabi, including a licence to provide fund administration services. The new office is located in Abu Dhabi Global Market (ADGM). The opening of an Abu Dhabi office follows its launch in Dubai earlier this year.
Accelex raises USD15m
Accelex, a UK-based provider of automation for private markets data acquisition, reporting and analytics, has raised USD15m through a Series A funding round led by FactSet, a financial digital platform and solutions provider, with participation from existing investors Illuminate Financial, AlbionVC, SixThirty Ventures and Expon Capital.
HSBC tokenises gold
HSBC has processed the first trades tokenising the ownership of physical gold held in HSBC’s UK vault, using DLT. HSBC has developed this capability by creating a digital twin of an existing physical asset – specifically physical gold held in HSBC’s vault. Tokenised physical gold can be traded between HSBC and institutional investors through the…
Alter Domus gets new COO
Alter Domus, the Luxembourg-based provider of fund administration for the alternative investment industry, has appointed Michael Janiszewski as COO. He reports to Doug Hart, Alter Domus CEO, and joins the executive board. He was most recently COO for BNY Mellon’s securities services and digital business.