Apex has been appointed to provide fund administration services to Adit Ventures’ new Irish-domiciled Investment Limited Partnership fund. Services include fund accounting, investor services and audit assistance. Adit recently appointed two JTC-owned firms to provide AIFM and depositary services to the fund.
Category: Independents
Sharegain raises USD64m
Sharegain, a UK-registered securities finance fintech, has raised USD64m in a series B round led by WestCap and joined by Citi, EJF Capital LLC and Optiver PSI. Participating existing investors include Maverick Ventures Israel, Blumberg Capital, SixThirty, Rhodium, and the Kessler family office.
New ILP appoints JTC for AIFM and depositary services
Ballybunion Capital Limited and INDOS Financial (Ireland) Depositary Limited, two firms acquired by JTC in 2021, have been appointed to provide AIFM and depositary services respectively to Adit Global Growth, ILP. The fund, which will be distributed across a number of European countries and the UK, is expected to raise up to USD50m.
Ocorian supports SilkRoad with new RE fund
Ocorian, the C.I.-based administrator, has supported SilkRoad Property Partners, a private equity real estate firm, with the first close of its Core-plus real estate fund at USD144m.
Apex to administer new crypto fund
Apex has been appointed to provide fund administration and transfer agency services for the NEOR Crypto Volatility Fund. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is…
Charles River partners with Precisely
Charles River Development, a State Street company, has formed an alliance with Precisely, a data integrity specialist. Precisely’s data governance solution, Data360 Govern, will be incorporated into the State Street Alpha data platform to provide streamlined governance, lineage, and cataloguing capabilities.
JTC partners with onboarding specialist
JTC Americas (formerly NES Financial) has entered into an agreement with VENTURE.co Holdings, Inc. to deliver an improved investor onboarding process. VENTURE.co is a U.S.-based software-as-a-service company offering an integrated virtual data room, distribution management tools, and automated document processing for fund and private equity sponsors, broker-dealers and RIA firms. JTC Americas is the North…
IQ-EQ names global head of outsourcing
IQ-EQ, the Luxembourg-based provider of fund and corporate services, has named Matt Okolita as global head of outsourced business services. Okolita previously led Greyline Partners LLC, a regulatory, compliance and governance consultancy which was acquired by IQ-EQ in 2021. Okolita will report to Mark Fordyce, regional CEO, Americas, and will join the IQ-EQ U.S. executive…
Apex acquires Indian administrator
Apex Group has acquired BEST Alternative Advisory Services, an India-based financial services provider. BEST will add AuA of USD30bn to the Apex Group, and an additional 35 employees based in Mumbai, India. BEST delivers fund services for open and closed-ended fund client profiles including private equity, fund of funds, mutual funds, managed accounts and hedge…
Ultimus reports major ETF growth
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting and investor solutions, has reported a nearly 150pct increase in the number of ETFs serviced since 2020. Ultimus now claims to be the third largest named ETF administrator in the U.S., based on the number of ETF sponsors it supports.