Ultimus Fund Solutions has assisted Nightview Capital with the tax-free conversion of a private investment fund that Nightview Capital sponsored and advised into The Nightview Fund, an actively managed equity ETF. As a result of the Section 351 conversion, investors in the Nightview private fund received shares in the ETF equal in value to their…
Category: Headlines
Aduro partners with Fenergo
Fenergo, the provider of AI-powered solutions for KYC/AML, and client lifecycle management, has been appointed by Aduro Advisors, LLC, a U.S.-based fund administrator serving venture capital and private equity firms. This collaboration is in response to the final FinCEN AML rule, which is set to take effect on January 1, 2026. Aduro services >600 firms…
BNPP upgrades NeoLink
BNP Paribas has rolled out the next generation of its reporting solution on its NeoLink client platform. The web app, named My Reporting, brings together a unified space, greater control over data, increased efficiency and improved collaboration. My Reporting provides users with access to a unified and intuitive space where they can manage data and…
Pirum hires from J.P. Morgan
Pirum, the fintech for securities finance automation and collateral management, has hired Ed Corral as head of collateral services. Corral joins Pirum’s New York office to lead the expansion of CollateralConnect, the firm’s collateral management and optimisation solution. Corral joins Pirum from J.P. Morgan, where he was global head of collateral management.
Passthrough partners with Snowflake
Passthrough has partnered with Snowflake, adding investor onboarding data to the data warehouse, ensuring every investor action, from invite to completed subscription document, is captured and available for reporting, analysis, and decision-making.
IDR rebrands
IDR, the private funds clearinghouse, today unveiled its new name and brand identity: Sonata One. Sonata One connects a growing network of over 53,000 investors with >6,500 funds.
Suntera partners with Tenor
Suntera Fund Services, a provider of fund administration and loan administration and loan agency services for private credit funds, has partnered with Tenor, the AI-powered platform aiming to improve private credit operations, to enhance efficiency, automation, and scalability in loan administration through a co-sourcing model. This collaboration enables Suntera to leverage Tenor’s Loan Central, AI-driven…
ProCapital expands with BNPP
BNP Paribas has been mandated by ProCapital, an investment services provider and subsidiary of Crédit Mutuel Arkéa. The mandate covers European markets and includes local and global custody, clearing, securities lending, AutoForex, execution and clearing of listed derivatives. ProCapital will deploy BNP Paribas’ execution-to-custody solution, ensuring the integration of cash equities trade execution in Germany,…
STP launches bundled solution
STP Investment Services, a U.S.-based provider of investment operations, fund administration, and compliance solutions, has launched STP LaunchAdvisor, a bundled service designed to deliver fund administration, investor services, regulatory filings, and core policies designed for exempt reporting advisers and private fund managers. The offering aims to eliminate the need for multiple service providers and provide…
Ocorian adds to U.S. team
Ocorian, the C.I.-based administrator, has appointed Amy Meza as director – fund accounting, in the U.S. Based in Dallas, she will report to Lynne Westbrook, head of fund services. Previously, she was VP financial control at Zip Co Limited.