Alter Domus, a Luxembourg-based provider of administrative solutions to alternative investment managers, has appointed Sum Tze Sheng as country executive for Mauritius, in addition to his current role of country executive for Singapore. Based in Singapore, he will be responsible for Alter Domus’ activities in both countries and will continue reporting directly to the chief…
Category: Independents
NES to provide admin services to Proactive Realty Income Fund
NES Financial, a Silicon Valley-based administrator, has been contracted to provide private equity administration services to Proactive Realty Income Fund, LLC, a Chicago-based, African-American led private equity impact fund that specialises in real estate asset acquisition, renovation, stabilisation, and active management.
Gen II secures new funding as IHS Markit takes minority stake
Gen II Fund Services, a U.S.-based independent private equity fund administrator, has secured new funding. General Atlantic, a global growth equity firm, and Hg, a global software investor, will lead the investment. IHS Markit, a provider of information, analytics and solutions, will also make a minority investment in the company. Cobepa S.A will continue to…
JTC hires Richard Ingle as chief risk officer
JTC, a C.I.-based provider of fund, corporate and private client services, has appointed Richard Ingle as group chief risk officer. Based in Jersey, he will have overall responsibility for governance of risk management and regulatory compliance across JTC’s global network of 23 offices in 19 different jurisdictions. He joins from Standard Chartered Bank, where he…
National Western Life to implement SS&C’s Precision LM software
National Western Life Insurance Company, a Texas-based life insurer, will implement SS&C‘s cloud-based Precision LM software to provide servicing and accounting support for its growing portfolio of commercial mortgages.
Sanne completes acquisition of Avalon in Cayman
Sanne Group plc, the UK-listed financial services provider, has completed its acquisition of Avalon Trust & Corporate Services Ltd. in the Cayman Islands. Earlier in 2020 Sanne acquired Dublin-based Inbhear Management Services, which also had a presence in Cayman.
Sweden’s Keel Capital appoints Apex as administrator for Lux funds
Apex has been appointed to provide fund administration services to Stockholm-based Keel Capital AB. Keel Capital is regulated in Sweden as an AIFM, and its funds (Alternative Investment Fund Keel Capital S.A – SICAV-SIF Foghorn Fund, Foghorn X2 and Longhorn Fund) are all registered and domiciled in Luxembourg.
FundRock appointed as ManCo for Primus Solutions ICAV
FundRock, the Luxembourg-based financial services company that is the subject of a takeover by Apex, has been appointed as the management company of the newly launched Primus Solutions ICAV, which is distributed by Deutsche Bank. FundRock will provide the legal and regulatory framework for the ICAV and undertake oversight of the sub-fund.
Multiplicity appoints IQ-EQ to administer new Jersey expert fund
IQ-EQ, the Luxembourg-based financial services provider, has been appointed to provide fund services to Multiplicity Partners’ new Jersey expert fund, LTO Fund III LP. Multiplicity is an investment boutique specialising in providing liquidity to holders of private market funds and distressed assets. From its Jersey office, IQ-EQ will provide administration, regulatory, compliance, accounting, directorship, registered…
TMF hires Paul de Lange as head of fund services in the Netherlands
TMF Group, the Netherlands-based professional services firm, has appointed Paul de Lange as head of fund services in the Netherlands. He will report to Ron Arendsen, head of the Dutch market, and to Andrew O’Shea, global head of fund services. He was previously a director of the real estate unit at Intertrust.