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…
Category: Independents
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…
SS&C launches new fund platform
SS&C has launched GoCentral, a platform to optimise its fund administration offering. The intelligent web platform leverages AI and BPR in an exception management-based approach to front, middle and back-office services. GoCentral is an integrated and intelligent, next-generation fund administration platform – a single unified platform to access the information and systems needed to manage…
Catalyst wins digital asset fund mandate
The Catalyst Group Limited, a Cayman-based fund administration and financial services provider, has been appointed by dParadigm Capital Limited to provide fund administration services for its institutional grade digital asset fund, dParadigm Fund SPC. The fund is a regulated vehicle for institutional investors to gain exposure to digital assets via a hybrid VC and DeFi…
Equity Trustees appointed as RE for U.S. REIT
Equity Trustees, the Australian administrator, has been appointed as Responsible Entity for the first public market offering from Auctus Investment Group Limited. The US Student Housing REIT (ASX:USQ) will focus on investing in off-campus US student housing adjacent to large top-tier US public universities with the aim of generating long term, reliable returns. It will…
Apex wins Chinese PE mandate
Apex has been appointed by Starlight Capital, a Chinese venture capital firm, for fund administration and corporate services. Starlight Capital was founded in 2021 by Tao Tang who is the co-founder of Eastern Bell Capital. Starlight focuses on B2B enterprise services within the digital economy.
Alter Domus reports higher AuA
Alter Domus, the Luxembourg-based provider of solutions for the alternative investment industry, has reported assets under administration (AuA) have risen to over USD1.6trn in the 12-month period ending January 2022. In the U.S., Alter Domus’s assets have increased by USD360bn (>50pct increase) over the same period. Alter Domus now serves 25 of the world’s top…
Centaur hires in Luxembourg
Centaur Fund Services, the Ireland-based administrator, has appointed Kevin McFadden as head of investor services, Luxembourg. He will report to Centaur’s CEO of Luxembourg, Antonio Frias, leading a team responsible for maintaining relationships with investors and analysts, and providing them with specialist accounting, investor relations, customised reporting and day-to-day management of their funds. He joins…
TMF stops services for Russian clients
TMF Group, the Netherlands-based provider of compliance and administrative services, has become the first independent administrator to publicly announce that it will stop services to Russian clients. In a statement, TMF said: “Given the complex interplay between individuals, institutions and government in Russia, TMF Group has decided to exit all work for clients with a…