Apex has acquired a majority stake in Fund Admin Chain, a distributed ledger-based network for launching, distributing, trading and settling collective investment funds. FAC is designed to connect fund investors, fund managers and their service providers in a digital distributed ecosystem. In addition to simplifying and streamlining the investment funds’ value-chain, FAC delivers additional revenue…
Category: Independents
ZEDRA acquires Axelia
ZEDRA, the Switzerland-based service provider, has acquired Axelia Partners in the U.S. Axelia Partners has been privately owned by Alexandra and Philippe Suhas since 2013 and is headquartered in Boston, with offices in New York. The company facilitates the U.S. expansion of predominantly European headquartered businesses and entrepreneurs by providing administrative and accounting services necessary…
Gen II acquires Update Capital
Gen II Fund Services, LLC, a U.S.-based fund administrator in the alternatives investment market, has acquired Update Capital, a Canada-based provider of investment management technology solutions for the real estate market. Terms of the transaction were not disclosed. Update Capital provides an automated, cloud-based solution for real estate sponsors to manage their assets and investors.
Perennial appoints Apex for new fund
Apex has been appointed by Perennial Partners to provide fund administration services to Perennial Private Ventures Fund. The fund is aiming to raise AUD200m (USD145m) to invest in high growth private businesses. The launch of the fund follows the success of Perennial’s three existing private to public fund strategies – also administered by Apex –…
LTX completes integration with CRD
LTX, a Broadridge company that runs a digital trading platform, has completed its integration with the Charles River Investment Management Solution. The integration enables Charles River’s order and execution management system users to access aggregated liquidity and leverage transparency and price discovery within their workflows through their existing relationships with their dealers.
STP receives new funding
STP Investment Services, a U.S.-based service provider that supports more than USD340bn in total assets, has received an investment from Lovell Minnick Partners, a private equity firm focused on investments in financial services, financial technology and related business services.
IQ-EQ to support African impact firm
IQ-EQ, the Luxembourg-based administrator, has been appointed to provide fund administration services to EG Capital, an East African impact investment firm headquartered in Mauritius with offices in Kenya, Uganda and Zambia.
New Forests appoints Apex for new fund
Apex has been appointed by New Forests to provide fund services to Tropical Asia Forest Fund 2 (TAFF2). New Forests, an Australia-based investment manager of nature-based real assets and natural capital strategies, has AUD7.8bn (USD5.8bn) AuM across 1.1 million hectares (2.7 million acres) of investments. New Forests announced the first close of TAFF2 with USD120m…
IQ-EQ names new Americas head
Michael Passmore has been named as IQ-EQ’s head of debt, capital markets & corporates for the Americas, a new role. Passmore joined Blue River, part of the IQ-EQ Group, in 2014.
State Street licenses Copper.co technology
State Street Digital, State Street’s dedicated digital division, has entered into a licensing agreement with Copper.co, a UK-based provider of institutional digital asset custody and trading infrastructure. State Street Digital will leverage Copper.co’s technology to develop and, subject to receipt of regulatory and other approvals, launch an institutional grade digital custody offering where clients can…