PEF Services, a U.S.-based fund administrator for alternative investment managers, has been selected to provide fund administration services to Blue Flag Partners, a U.S.-based real estate firm.
Category: Independents
Fidelity launches digital asset collateral service with BlockFi
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has launched a new service that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which is integrated…
Apex mandated to service new Lux fund for Frontera
Apex has been mandated to provide fund services to Frontera Capital Group Limited, a UAE-based fixed income investment firm. Apex will provide Frontera with AIFM, administration, custody and corporate services. Frontera is currently raising USD400m for a new Luxembourg fund, with final close expected towards the end of Q1 2021.
IQ-EQ hires Wendy Piergolam as U.S. head of client development
IQ-EQ, the Luxembourg-based administrator, has hired Wendy Piergolam as head of client development for the U.S., a newly created position. In her new role, Piergolam will operate primarily under the banner of IQ-EQ subsidiary brand, Blue River, which became part of the group following its acquisition earlier this year. Blue River is a provider of…
DMS acquires Azienda in Luxembourg
The DMS Group, a specialist fund corporate governance provider, has acquired Azienda Financial Services, a corporate services provider based in Luxembourg. Azienda specialises in administering investment structures for private equity, real estate and structured finance. Earlier this year, DMS struck an agreement with Luxembourg-based MDO, and Ireland-based MontLake, to form a broad fund governance and…
Alter Domus appoints Tim Houghton as COO
Alter Domus, the Luxembourg-based solutions provider for the alternative investment industry, has appointed Tim Houghton as chief operating officer and a member of the group executive board. Previously, he was Alter Domus’ head of core products and group operations. Houghton joined in 2018 following the acquisition of Cortland Capital Market Services, of which he was…
Vuna Partners appoints Prescient as administrator for PE fund
Vuna Partners (Pty) Ltd, a mid-market private equity firm based in South Africa, has selected Prescient Fund Services as fund administrator for the Vuna Partners Fund I. Vuna Partners has been seeded by Thuso Incubation Partners, a black-majority-owned private equity incubator. Earlier this year Thuso appointed Prescient to administer its fund of private equity funds.
Stephanie Miller steps down as CEO of Intertrust
Stephanie Miller is stepping down as CEO and as a member of the management board and the executive committee at Intertrust, the Netherlands-based provider of corporate and fund solutions. The supervisory board has nominated Shankar Iyer as CEO. Miller spent three years at Intertrust, setting a new strategic direction and growth plan, including a vision…
Sanne to acquire PEA in Denmark
Sanne, the UK-listed provider of alternative asset and corporate business services, has agreed to acquire Private Equity Administrators, a Denmark-headquartered private equity fund administrator. PEA specialises in providing fund administration and depositary services to alternative fund structures. The business also has operations in Sweden and Guernsey, with over 55 employees and >EUR27bn AuA. This is…
Crestbridge hires Raul Ramos to head Jersey PE fund accounting
Crestbridge, the C.I.-based administrator, has appointed Raul Ramos as associate director and head of private equity fund accounting – Jersey. He joins from Intertrust, where he led the accounting service team and various large-scale projects in the Jersey office, as well as acting as director to Jersey companies and unregulated funds.