Apex has been appointed by PAPE Fund Managers (Pty) Ltd (PFM), a division of PAPE Group (Pty) Ltd, a South Africa-based private equity fund manager, to provide fund administration services. PFM acts on behalf of the PAPE Fund 3 Limited Liability Partnership comprised of nine investor groups. Apex will provide fund administration services to Fund…
Category: Alts
Citi wins NHI&S mandate
Citi has been selected by NH Investment & Securities Co., Ltd. (NHI&S) as its global custody provider as NHI&S expands its business model to include trustee services for private investment funds in South Korea. Founded in 1969, NHI&S is one of South Korea’s largest securities firms. Citi currently provides NHI&S with FX services as well…
Apex to acquire Retransform
Apex has agreed to acquire Retransform from The Annet Group. Retransform is a global real estate service provider offering technology solutions and managed services to commercial, retail, residential and corporate real estate clients. Apex and Annet are also establishing a joint venture to develop software in the areas of data analytics, valuation, and digital twins…
Apex hires for RA sales
Alexander Wedlich has joined Apex as continental Europe head of sales for real assets, based in Luxembourg. He joins from AssetMetrix.
BTC hires Apex for energy fund
Apex has been appointed by BTC Investment Group to provide fund services to its Argento Energy Fund LP. The fund was launched by BTC in 2022 to manage investments in the U.S. onshore oil and gas industry. BTC is the family office of Benjamin Salinas, and is organised as a Mexico-based multi-strategy investment management fund,…
New head of fund accounting at BNY Mellon
Dermot Finnegan has been appointed global head of fund accounting for BNY Mellon’s asset servicing business. He relocates to New York, having previously worked for the bank in Ireland. He replaces Allen Cohen, who has taken on a new role as head of enterprise revenue and billing services.
JTC hires from Sanne
JTC, the C.I.-based administrator, has hired Ashley Vardon as senior director within its fund services team, based in Jersey. He was previously at Sanne, the Apex-owned business, where he was head of private equity, Jersey.
Accelex enhances private debt reporting
Accelex, a UK-based fintech specialising in alternative investment data acquisition, reporting and analytics, has launched coverage of private debt and instrument-level data extraction for institutional investors and asset administrators. Investors in private market funds can now streamline data extraction for investments across multiple levels of the capital structure and across different funding rounds.
Arcesium links to Lionpoint
Arcesium, the U.S.-based administrator in which J.P. Morgan has a stake, has formed a partnership with Lionpoint Group, a global consulting firm focused on the alternative investments industry. The collaboration combines Arcesium’s technology with Lionpoint’s industry expertise to deliver enhanced operational efficiency and innovation for firms investing in private markets strategies.
Crystal opts for Geneva
Crystal Capital Partners, an alternative investment platform for financial advisors, has selected SS&C’s Geneva platform to further optimise its back-office processes. SS&C Geneva will streamline portfolio management and reporting across more than 500 customised portfolios to support further growth. Crystal Capital Partners’ platform enables advisors and their qualified clients to build diversified portfolios comprised of…