Aztec Group has supported London-based private equity firm Preservation Capital Partners (PCP) on the final close of PCP Fund III, which closed oversubscribed at its hard cap of EUR879m (c. USD1bn), approximately double the size of its predecessor fund. Aztec’s Guernsey team supported PCP throughout the fundraise.
Category: Independents
Waystone hosts Quest ETF launch
Waystone, the European provider of specialist services to financial institutions, has supported the launch of the Quest Global Equity Cashflow Compounder ETF via its white-label ETF ICAV platform. The launch marks Quest’s first entry into the ETF market in its 30-year history.
TMF appoints chief client officer
TMF Group, the Netherlands-based provider of administrative services, has appointed Karan Tewari as chief client officer. He will lead the global client function and join TMF Group’s executive committee. He joins from Thomson Reuters.
Hindmarsh joins Alter Domus
Alter Domus has appointed George Hindmarsh as head of APAC, based in Hong Kong. He joins after a brief spell at Clearwater Analytics, and has also worked at Citi, Northern Trust and HSBC.
Waystone wins ACD mandate
Waystone, the UK-based provider of specialist services to the asset management industry, has been appointed as ACD to three new funds being launched by Brooks Macdonald, the UK focused investment manager. Waystone will also provide TA services to the funds. Waystone is the UK’s largest independent ACD.
Clearstream replaces Portenseigne
Clearstream has appointed Philippe Mueller as head of digital products and transformation for Clearstream Fund Services. Mueller will lead the strategic development and market adoption of Clearstream’s digital fund solutions, aimed at connecting traditional and digital financial markets. He succeeds Olivier Portenseigne, who has joined Apex. Mueller brings over 25 years of experience across Clearstream…
Formidium acquires in Lux
Formidium, a small U.S.-based fund administrator, has acquired Ci Fund Services S.A., a Luxembourg-based provider of private label fund solutions. The transaction was completed following approval by the CSSF. Formidium has USD38bn AuA.
Alter Domus supports Cinven fund launch
Alter Domus has supported Cinven on the final closing of their Strategic Fund 2, which raised c. EUR2.3bn (USD2.6bn). Alter Domus served as Cinven’s operational partner throughout, providing services across fund accounting and administration, investor reporting, transfer agency and structuring support.
Langham Hall supports Ryse
Langham Hall has supported Ryse on the launch of its independent sponsor platform. Ryse invests on a deal-by-deal basis in established companies aligned with Europe’s structural growth themes. Langham Hall is providing administration services for each of the deal-by-deal structures from its Luxembourg office.
Apex hires TA product chief
Apex has appointed Olivier Portenseigne as global head of transfer agency products. Based in Luxembourg, he will lead Apex’s global transfer agency product strategy and innovation agenda. He joins from FundsDLT, Clearstream’s blockchain-based fund distribution and transfer agency platform, where he was CEO.