Two veterans of the asset servicing industry, Rod Cooper and Tim Wood, have launched a UK-based consulting practice, Cooper Wood & Associates. The aim of the business, which will focus on the asset servicing sector, is to add measurable financial improvements to clients’ businesses. Cooper Wood will consult on operational and supplier efficiencies, revenue protection,…
Category: Independents
Sudrania launches admin platform for digital assets
Sudrania Fund Services has launched Seamless Crypto, its fund administration platform designed specifically to handle the unique operational needs of digital assets. Seamless Crypto allows investment managers to fully outsource their fund administration and back-office operations via a cloud-based solution, and provides all the functionality needed to manage cryptocurrency funds.
TMF to acquire IQ-NEXUS
TMF Group has announced plans to IQ-NEXUS, a corporate services firm based in the Netherlands, subject to regulatory approval.
Apex hires Michael Sheahan as global head of RE
Apex Group has appointed Michael Sheahan as global head of real estate. Sheahan joins from Vistra, where he was global sector lead, real estate, and country managing director, Luxembourg. Based in London, Sheahan will report to Srikumar T.E., global head of fund solutions. Apex claims to have over USD300bn in AuA across the private equity…
DMS, MDO and MontLake agree to form new business
The DMS Group, MDO and MontLake have agreed to create a global governance and third-party management company. The resulting company will offer a portfolio of services and operate from four European locations with over 260 employees.
NES to administer OZ for Four Points Funding in Colorado
NES Financial, the Silicon Valley administrator that was recently acquired by JTC, has contracted to provide its purpose-built opportunity zone fund administration solution to Four Points Funding LLC, an OZ fund manager and fund sponsor with real estate and operating business investment offerings throughout rural Colorado.
Ardian appoints Aztec to administer EUR19bn secondaries platform
Aztec Group, the C.I.-based administrator, has been selected by Ardian, the French private investment firm, to administer its eighth-generation secondaries platform, ASF VIII, said to be the world’s largest secondaries platform. ASF VIII attracted commitments totalling USD19bn from 275 investors in nearly 40 countries. Ardian, an Aztec client since 2013, has USD96bn AuM.
Alter Domus to administer Corten Capital’s EUR392m PE fund
Alter Domus in Guernsey has supported UK-based Corten Capital in reaching final closing of Corten Capital I, its first private equity fund, at EUR392m. Alter Domus will provide ongoing administration, reporting and regulatory services to the Corten Capital I structure.
Ocorian hires Nick Bland as head of UK client services
Ocorian, the C.I.-based administrator, has appointed Nick Bland as head of UK client services. Based in London, he will manage client service delivery to corporate and institutional clients, private clients, alternative investment funds and corporate trust clients. He joins from Deutsche Bank.
Aztec Group to administer two new VC funds for Lakestar
Aztec Group, the C.I.-based administrator, has supported the European venture capital specialist firm, Lakestar, with the closing of Lakestar III and Lakestar Growth I funds. Lakestar III closed with commitments of EUR252m, whilst Lakestar Growth I raised a total of EUR426m. Aztec’s private equity team in Guernsey will provide ongoing administration and accounting services.