ZEDRA, the Switzerland-based administrator, has appointed Damien Fitzgerald as head of funds for Guernsey. Prior to joining ZEDRA, he was head of funds at TMF Group in Guernsey, Zedra’s Guernsey fund team specialises in fund establishment and administration, company secretarial services and governance, as well as financial accounting and NAV production. In Q4 2020, ZEDRA’s…
Category: Independents
Apex to provide fund admin services for Bee Alternatives
Apex has been appointed, to provide fund administration and regulatory services to Bee Alternatives Limited, an independent Japan-based manager dedicated to secondary private equity investments. Bee Alternatives has its origins as part of Ant Capital Partners Co. Ltd., where the team were one of the pioneers of secondary investments in Asia. Bee Alternatives now manages…
Aztec supports new fund launch for MML Capital
Aztec, the C.I.-based administrator, has supported MML Capital, a private equity investment firm and longstanding client, with the fundraising activities and final close of its latest fund, MML Partnership Capital VII SCSp. MML broke through its hard cap, raising EUR670m (USD783m). Aztec will provide administration and accounting services to the fund and its investment structures…
Ultimus hires Joel Lieb
Ultimus Fund Solutions, the U.S.-based fund services provider with >USD350bn AuA, has hired Joel Lieb as senior vice president – relationship management. Lieb was most recently an EVP at B&G Business Solutions, Inc., a management consulting firm. His experience includes more than 30 years with SEI in positions across relationship management, client solutions & advice,…
JTC strengthens Guernsey leadership team
JTC, the C.I.-based administrator, has strengthened its Guernsey senior leadership team with the appointment of Graham Sleep as director – fund services. Sleep joined JTC in 2015 following the acquisition of Kleinwort Benson’s fund administration business and he is relocating to Guernsey from JTC’s Cape Town office in South Africa. He will assume responsibility for…
Langham Hall supports Coniston Capital’s maiden fund
Langham Hall has supported Coniston Capital, a UK-based private equity investor, with the launch of its maiden fund, Coniston Capital I LP, which has initially closed at GBP24m (USD33m). Langham Hall has been appointed to provide administration and accounting services from its London office.
Ocorian promotes Charlotte Cruickshank to global head of fund onboarding & solutions
Ocorian, the C.I.-based administrator, has promoted Charlotte Cruickshank to global head of fund onboarding and solutions. Based in Jersey, she will oversee fund services for private equity, venture capital, real estate, and infrastructure fund managers, reporting to Mike Hughes, global head of service lines and business development. She joined Ocorian in 2018.
Preqin acquires Colmore
Preqin, the UK-based provider of alternative assets data, analytics and insights, has acquired Colmore, a private markets technology, services, and administration business. Colmore’s solutions include LP portfolio monitoring, analytics, fee tracking and validation, and fund administration services for its allocator clients. Colmore monitors more than 3,000 private market funds and more than 40,000 holdings.
Apex to acquire ARM in Switzerland
Apex Group plans to acquire ARM Swiss Representatives SA (ASR), an independent FINMA-regulated firm providing Swiss representation and distribution services to foreign fund managers. Founded in 2014, ASR provides compliance and regulatory services to over 630 funds and 350 fund managers internationally. ASR also acts as the distributor in Switzerland for approximately 12 fund managers.
CBI approves Crestbridge for fund admin
Crestbridge, the C.I.-based provider of private equity and real estate administration, has received regulatory approval from the Central Bank of Ireland to provide fund administration services in Ireland. Crestbridge opened an office in Dublin earlier this year, and the CBI approval is in anticipation of client demand for ILP fund servicing.