EFA, the Luxembourg-based administrator owned by Universal Investment, has been appointed by Tygrow to provide administration and accounting for its funds. To date, four private equity and real estate funds with more than 100 investors have been launched by Tygrow, valued by EFA. Tygrow is an independent management company based in France.
Category: Alts
Formidium launches private markets platform
Formidium, the U.S.-based administrator, has launched Private Fund Admin, a technology platform that it claims will streamline the private fund administration process. Private Fund Admin aims to address the complexities associated with unique structures (cross-border and single/multiple LLC structures), the wide range of private fund administration services (fund setup, ongoing operation/administration solutions, investor KYC/AML, NAV…
Constellation selects Precision LM
Constellation Insurance, a U.S.-based insurer, has selected SS&C Precision LM for its commercial mortgage portfolio. Precision LM loan origination and servicing software will support pipeline tracking, loan servicing, accounting, asset management and regulatory reporting.
Apex hires chair for Mauritius
Apex has appointed Rama Sithanen as an independent director and chair of its companies in Mauritius. Apex companies in Mauritius are Apex Financial Services (Mauritius) Ltd, Apex Fund Services (Mauritius) Ltd and Apex Fund and Corporate Services (Mauritius) Ltd. Sithanen was minister of finance between 1991 and 1995. He was deputy prime minister and minister…
IQ-EQ hires global head of asset owners
IQ-EQ has appointed Ilias Georgopoulos as global head of private and institutional asset owners. He was previously CEO of Credit Suisse’s MultiConcept Fund Management SA in Luxembourg. Based in Luxembourg, he reports to IQ-EQ’s group chief commercial officer, Emma Crabtree.
Aztec adds senior trio to U.S. team
Aztec Group has appointed Ore Adegbotolu, Dan Kalish and David Naab to new leadership roles in the U.S., where it established a presence in 2021 to provide fund and corporate accounting and administration services to the private equity, venture capital, infrastructure, real estate and private debt sectors. Adegbotolu is appointed head of U.S. markets, transferring…
Apex adds to Brazilian portfolio
Apex has completed its acquisition of BRL Trust DTVM following final regulatory approval. BRL DTVM is the sister company of BRL Trust Investimentos, which was acquired by Apex in 2021. BRL DTVM provides fund administration to real estate, trade receivables and open-ended funds, as well as custody services and NAV calculation for all fund types.
PenSam works with SimCorp on alts data extraction
PenSam, the Danish labour market pension fund, has adopted SimCorp’s new machine learning product, Intelligent Document Processing, delivered through the SimCorp Dimension platform. Intelligent Document Processing automates the extraction of unstructured data from private market funds. PenSam has EUR22.8bn (USD24bn) AuM, of which alternatives have reached EUR6.7bn (USD7bn). Intelligent Document Processing has been developed in…
Deutsche Pfandbriefbank appoints UI for new RE fund
As part of its new real estate investment management business, Deutsche Pfandbriefbank AG (pbb) will work with Universal Investment as a fund service platform provider. Universal Investment will launch and administer the planned open-ended real estate special fund, which will focus on German office properties and mixed-use properties. Deutsche Pfandbriefbank is a specialist bank for…
Trident Trust opens in Houston
Trident Trust has opened a fund services representative office in Houston, Texas. Chelsea Harrington has relocated to Houston from Trident Trust’s 130-strong fund services hub in Atlanta to open the new office. Trident’s new presence in Texas means that it now offers fund services out of four US locations, with representative offices already in place…