TMF Group, a Netherlands-based provider of administrative services, has completed the acquisition of Venture Back Office (VBO), a U.S.-based provider of solutions to private equity, real assets, credit, and emerging manager funds. Following this deal, TMF Group will administer >EUR150bn of client assets. VBO was founded in 2007 and provides a range of fund administration…
Category: Independents
Sanne acquires STRAIT
Sanne Group, the UK-listed provider of fund and corporate services, has acquired STRAIT, the U.S.-based provider of fund administration, financial oversight and regulatory compliance services for private equity funds, hedge funds, family offices, fund of funds, SPVs and other investment vehicles. STRAIT is headquartered in Dallas, Texas, with more than 50 employees servicing USD20bn AuA.
Hex Trust raises USD6m for expansion
Hex Trust, a Hong Kong-based digital assets custody platform provider, has raised USD6m in a Series A funding round. The investment will enable Hex Trust to scale operations and hire key talent in Hong Kong and Singapore to meet growing institutional interest in digital assets in Asia, particularly among banks, exchanges, and corporate clients. In…
Vistra gets nod from FIRB for Mainstream acquisition
Vistra Group, the Hong Kong-based provider of advisory and administrative support services, has been notified by the Australian Foreign Investment Review Board that the Commonwealth Treasurer has no objection to Vistra acquiring up to 100pct interest in the securities of Mainstream Group Holdings Limited. Vistra entered into a Scheme Implementation Deed with Mainstream in March…
Langham Hall supports Ardent’s new USD530m UK RE fund
The Ardent Companies LLC, an Atlanta-based real estate investment and asset management firm, has launched a USD530m UK real estate investment business, The Ardent Companies UK Ltd. Langham Hall, the UK-based administrator, has supported Ardent with its debut acquisition of a portfolio of 12 industrial sites with a total 67 units of real estate across…
JTC granted licence in ADGM
JTC, C.I.-based provider of fund, corporate and private client services, has been granted a licence to provide corporate services in Abu Dhabi. The licence has been awarded by the Abu Dhabi Global Market (ADGM). In tandem with being granted the new licence, and in response to client demand, JTC has a new office in the…
Apex expands loan agency services
Apex, the Bermuda-based financial services provider, has expanded its loan agency services, both to support existing loan administration capabilities and private equity and leveraged finance client needs. The loan agency & administration offering provides tailored services to bilateral, club and syndicated loans and offers transaction support from borrower, lender and debt fund perspectives. The upgraded…
Crestbridge hires Carol Ann Rotsey as governance services director
Crestbridge, the C.I.-based administrator, has appointed Carol Ann Rotsey as governance services director. She will provide independent director services to a range of UK fund and corporate structures. She will also oversee the administration and client service team in Crestbridge’s London office. Prior to joining Crestbridge, Rotsey was the executive director and the head of…
Sanne secures depositary licence in Ireland
Sanne, the UK-listed provider of alternative asset and corporate administration services, has secured a specialised depositary licence from the Central Bank of Ireland. Sanne Depositary Services Ireland Ltd is now licensed to provide depositary services to collective investment schemes in compliance with all AIFMD obligations.
Reichmuth appoints AssetMetrix for digital reporting
Reichmuth & Co Investment Management AG, a subsidiary of the Swiss owner-managed private banking group Reichmuth & Co, has appointed AssetMetrix, the Germany-based specialist asset servicer, as a partner for the digitalisation of its infrastructure activities. Services include tools for performance, risk management, benchmarking as well as cash flow and performance forecasts. In addition, clients…