Universal Investment Group, the third-party ManCo and fund administration service provider, has secured a significant investment from Canada Pension Plan Investment Board (CPP Investments), alongside existing lead investor Montagu. The investment is subject to regulatory clearances. Universal Investment serves both institutional investors and asset managers and is active across the three largest European fund domiciles:…
Category: Independents
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.
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…
Altum hires for private debt & cap markets
Altum Group, a C.I.-based provider of fund, corporate, and family office solutions, has appointed Daniel Gillett as director, private debt & capital markets. Based in Jersey, he joins the corporate services team, and will be focused on further developing the group’s capital markets proposition. He spent over 10 years with Sanne Group Plc, managing accounting…
IQ-EQ appoints head of Caribbean
Cory Thackeray has been appointed as IQ-EQ’s head of Caribbean, a newly created regional leadership position responsible for overseeing strategy, operations and performance across its Cayman, Curaçao and Bermuda offices. Prior to joining IQ-EQ, he was CFO for CrossTower, a crypto investment and trading firm. He has also headed up hedge fund services in North…
SS&C hires Scally
Steven Scally has joined SS&C in the UK as technology solutions director. He had a brief spell at HSBC after working at BNY Mellon for four years.
Apex to acquire Mainspring
Apex has announced plans to acquire Mainspring, a UK-based provider of venture capital fund administration and accounting services. Mainspring provides outsourced administration and accounting services to small and medium-sized venture fund managers in the UK. Mainspring also operates an FCA-regulated custody business for fund managers offering managed account investments such as EIS funds. Mainspring has…
EFA wins French mandate
EFA, the Luxembourg-based administrator that is being acquired by Universal Investment, has been appointed by Beauvau Capital for administration and accounting for its OPPCI JEC One fund. The investment policy of the JEC One Fund is to invest mainly in commercial assets in France.