Alter Domus, the Luxembourg-based provider of fund and corporate services for the alternative investment industry, has agreed to acquire MSC Group in Australia to expand its global client offering with specialist private credit and alternative assets servicing around trusteeship, custody and fund administration, covering AUD43bn (USD31bn) AuA. The acquisition will add licensed trustee, custody, and…
Category: Alts
NAV wins Bitcoin fund admin mandate
Chicago-based NAV Fund Services has been appointed fund administrator for Nomura-backed Laser Digital‘s upgraded Bitcoin Diversified Yield Fund (BDYF), the first natively tokenised Cayman Bitcoin yield fund. NAV’s appointment extends a three-year relationship between the two companies.
HSBC adds PA capabilities in KSA
HSBC in Saudi Arabia has expanded its existing fund administration capabilities to include private assets. HSBC is thought to be one of the few providers in KSA to offer fund administration for clients investing in both traditional and private assets.
CACEIS supports new IPO on Lise
Montpensier Arbevel Focus Small 2030, with CACEIS as depositary, is taking part in the world’s first natively tokenised IPO on Lise. For the first time, a small-cap alternative investment fund is subscribing to a natively tokenised IPO. The Montpensier Arbevel Focus Small 2030 fund took part in the IPO of ST Group on Lise –…
Maples supports new fund launch
Novus Aviation Capital, a DIFC-based independent aircraft leasing and financing firm, has launched Tamweel Aviation Finance III Fund with the support of the Maples Group with its fund administration, fiduciary and legal services capabilities.
Suntera to acquire EAC
Suntera Global, the C.I.-headquartered provider of fund, corporate, and private wealth services, has agreed to acquire U.S.-based Experienced Advisory Consultants LLC (EAC), subject to completion conditions. EAC is a provider of outsourced solutions, ManCo, and operational support services to alternative investment managers across the U.S.
Eleven launches payments platform
Eleven, the investor operations platform for private fund managers and fund administrators, has launched Integrated Payments, a system that automates capital calls and distributions. Integrated Payments is now available on the Eleven platform for fund administrators and investment firms operating across private equity, venture capital, real estate, hedge funds, and other alternative asset classes.
State Street to launch tokenised fund service
State Street intends to deliver a tokenised fund servicing capability from Luxembourg by the end of 2026. State Street Investment Management is expected to be an early adopter of the service. The capability will be delivered through State Street’s digital asset platform.
Grande joins Ultimus
Thomas Grande has joined Ultimus LeverPoint Private Fund Solutions as an SVP in its relationship management team, based in Boston. He was previously at U.S. Bank.
Gen II licensed in Guernsey
Gen II Fund Services, the U.S.-based global private capital fund administrator with USD1.5trn AuA, has been licensed by the Guernsey Financial Services Commission to provide fund administration services for Guernsey-domiciled private market structures.