Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
Category: Alts
Compre expands Clearwater mandate
Compre Group Holdings Limited, a Bermuda-headquartered international legacy group, is expanding its partnership with Clearwater Analytics to include additional transparency into alternative assets. Clearwater is a U.S.-based provider of SaaS-based investment management, accounting, reporting, and analytics solutions. Compre will use Clearwater LPx for transparency, exposure, and analytics. Compre currently uses Clearwater to streamline investment accounting,…
Zodia hires sales head for Europe & MENA
Zodia Custody has appointed Gary Afentakis as head of sales for Europe & MENA. He was previously at Matrixport.
J.P. Morgan adds sustainable investment data to Fusion
J.P. Morgan Securities Services has launched sustainable investment data solutions for institutional investors, available through Fusion, its data, analytics and reporting platform. These solutions will enable investors to extract value from sustainable investment data supplied by providers through normalisation, management, calculation, and screening capabilities. The solutions provide access to normalised data across providers while offering…
Hassana to deploy SimCorp solutions
Hassana Investment Company, the investment manager of Saudi Arabia’s General Organization for Social Insurance (GOSI), has entered into a partnership with SimCorp to deploy its investment management platform. GOSI is one of one of the world’s largest pension investors, with more than USD320bn AuM. The partnership agreement covers SimCorp’s back and middle office suite and…
Apex wins TGC mandate
Apex has been appointed by True Green Capital Management LLC to provide fund administration and investor reporting solutions for its latest fund, True Green Capital Fund IV, L.P. Based in the U.S., TGC is a renewable energy infrastructure investment firm which, since 2011, has deployed over USD1.2bn of total capital across 14 U.S. states and…
UI tops PwC ManCo rankings
The 2023 Observatory for ManCos, an annual report published by PwC Luxembourg, has confirmed that Universal Investment, the Germany-based administrator which claims to have EUR979bn (USD1.1trn) AuA, is the largest third-party ManCo with AuM of EUR 118.9 bn (USD128bn); and the largest AIFM, with AuM of EUR102.2bn (USD110bn).
Latin Leap appoints Apex
Latin Leap has appointed Apex to provide fund services for its venture capital fund. Latin Leap is a venture capital studio seeking to contribute to the Latin American economy through technology investments in regional early-stage start-ups and to soft-land purpose-driven technology companies in Latin America. It expects to invest USD25m in around 15 startups over…
First Eagle outsources recons
Arcesium, the fintech that is backed by J.P. Morgan, has been selected by First Eagle Alternative Credit, an alternative credit investment manager with USD21bn AuM, to provide its reconciliation solution. Arcesium’s capabilities are designed to enable FEAC to optimise its reconciliation procedures, bolster its operational efficiencies, and achieve further economies of scale.
TMF hires global head of cap markets
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Cliff Pearce as global head of capital markets. Pearce joins from Intertrust, where he was global head of capital markets services. He reports to Daniel Max, head of global solutions.