JTC, the C.I.-based-based professional services business, has acquired New York-headquartered Essential Fund Services. EFS provides services in the alternative assets space, including accounting, reporting and administration to investment partnerships and their investment managers. The acquisition of EFS follows JTC’s recent purchase of SALI Fund Services, and the 2020 acquisition of NES. EFS provides services to…
Category: Independents
Oak promotes three seniors
Oak Group, the C.I.-based administrator, has made three senior management promotions. Catherine Pigeon, Oak’s group chief risk & compliance officer, has been appointed to the board of directors. Nicola Gott becomes chief commercial officer, responsible for the sales and marketing strategy across the group. John Doublard is promoted to chief technology officer. Oak’s technology team…
Deutsche Börse completes deal with Crypto Finance
Deutsche Börse has completed its acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. Jan Brzezek, CEO and co-founder of Crypto Finance, and the current management team will continue to lead Crypto Finance and retain a significant stake in the company. Crypto Finance will…
JTC wins new OZ fund mandate
JTC Americas (formerly NES Financial) has been appointed to provide fund administration services for Eagle OZ Fund II, an Opportunity Zone fund that will provide capital for a multi-family land development project in Chicago.
Apex wins LatAm mandate
Apex has been appointed by Compass Group LLC, an independent Latin American asset manager, for fund administration, depositary, and corporate services. Founded in New York in 1995, Compass Group has a team of more than 300 professionals located in nine different offices across Latin America, managing, advising, and providing distribution services for >USD41bn AuM.
Vistra launches investor servicing portal
Vistra, the Singapore-based administrator, has launched a new investor servicing portal, VFunds 2.0, which is powered by Eleven, a fintech provider. The launch includes the migration of Vistra’s entire U.S. business to VFunds 2.0. Vistra is now rolling out VFunds 2.0 to clients around the world. The rollout of VFunds 2.0 focuses on Eleven’s document…
Sanne hires U.S. bus dev director
Sanne has hired Jim Costello as director, business development for the U.S. He was previously at Financial Recovery Technologies and has also worked at SS&C.
RailField appoints Apex as administrator
Apex has been appointed to provide fund administration, investor reporting and investor portal services to RailField Partners, a multifamily investment and asset management firm. Apex will support RailField’s fund accounting needs for its first institutional LP funds. Based in the U.S., RailField has partnerships with a wide range of investors including family offices, pension funds…
Adams Street deploys Apex ESG solution
Adams Street Partners, a U.S.-based private markets investment firm with >USD49bn AuM, has deployed a real-time ESG data analytics solution from Apex to provide insights into underlying fund and private company investments. The Apex analytics platform securely processes a variety of ESG data streams to provide tailored insights during investment and operational due diligence. Adams…
SS&C to acquire Hubwise
SS&C has entered into a definitive agreement to acquire Hubwise Holdings Limited, a regulated U.K. B2B investment platform serving advisors, discretionary wealth managers and self-directed digital D2C propositions. Under the terms of the agreement, approved by the shareholders of Hubwise, SS&C will purchase Hubwise in an all-cash transaction. The acquisition adds 58 employees serving 51…