Ray Kamrath has joined PolySign as chief revenue officer. PolySign owns Standard Custody & Trust Company and acquired MG Stover earlier this year.
Category: Alts
SS&C combines fund admin and servicing businesses
SS&C has appointed Bhagesh Malde to lead its newly combined global fund administration and servicing business. The new group will continue to operate as SS&C GlobeOp and brings together SS&C’s hedge fund administration, private markets administration, middle office, and insurance global servicing capabilities. Services also include middle- and back-office outsourcing and loan servicing. Malde will…
Apex to acquire in Canada
Apex plans to acquire Prometa Fund Support Services Inc., a Canada-based provider of fund services. Prometa delivers fund services to clients in Canada, the U.S., and Bermuda, including hedge funds, LSVCCs and mortgage investment corporations. Prometa administers >CAD28bn (USD21.5bn) for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors. The…
Crestbridge supports new VC fund
Crestbridge, the C.I.-based alternative fund services provider, has supported the close of Hiro Capital’s latest fund, a tech-focused venture capital firm. Crestbridge in Luxembourg was appointed as the EuVECA Manager whilst the firm also provided a range of fund administration, accounting and reporting services to support the launch of the EUR300m (USD300m) Hiro Capital II…
Allvue appoints new CEO
Allvue Systems, an alternative investment technology solutions provider, has appointed Dan Streetman as CEO. He most recently served as CEO of TIBCO Software Inc.
ISPT selects SS&C Sylvan for PM
ISPT, one of the largest property fund managers in Australia, has selected SS&C Sylvan for performance measurement, which will replace its internally built platform. ISPT has >AUD22bn (USD14.8bn) AuM. SS&C Sylvan will automate financial data ingestion, calculate both time-weighted (income, capital and total return) and money-weighted returns, and provide enhanced analytics on their property portfolios.
Broadridge extends Private Market Hub to N. America
Broadridge Financial Solutions, the NYSE-listed fintech, has released a multi-jurisdictional version of its private equity platform, Private Market Hub, which is now available to funds domiciled in North America. Previously operational for funds domiciled in Guernsey, Private Market Hub has been enhanced to support clients in the U.S. The new capabilities allow all stakeholders in…
Apex partners with Inveniam
Inveniam Capital Partners, a fintech offering greater transparency and access to private market assets, has established a strategic partnership with Apex to offer Valuation as a Service to clients. Through the partnership, Inveniam and Apex will use Inveniam’s patented blockchain technology and the Inveniam.io data operating system to deliver digitally credentialled, higher-functioning private asset data…
IQ-EQ acquires in U.S.
IQ-EQ, the Luxembourg-based investor services provider, has acquired JGM Fund Services, a U.S. provider of fund administration and tax services for alternative investors specialising in the real estate and private equity asset classes. The acquisition of JGM increases IQ-EQ’s U.S. employee base to >650+ and >4,000 globally.
Universal Investment supports MAM loan fund
Mandatum Asset Management and fund services platform Universal Investment have launched a new open-ended senior secured loan fund for professional investors in Europe. MAM, the asset management arm of Sampo Group, will manage the sub-fund that will invest in the European and Nordic leveraged buyout financing market. Mandatum Global Investment Fund SCSp SICAV-RAIF – UI-Mandatum…