TMF Group, a Netherlands-based provider of global administrative and compliance services, is to acquire Navigator Partners, a Finland-based provider of fund and investor administration, corporate and foundation management services. Headquartered in Helsinki, Navigator Partners provides services including fund administration, accounting and reporting, payroll services, property management administration, foundation administration, and tax compliance services. The business…
Category: Independents
PennantPark selects Ultimus
PennantPark Investment Advisers has appointed Ultimus to assist with the launch and ongoing operations of its new interval fund, PennantPark Enhanced Income Fund. PennantPark is an alternative credit specialist, and manages c.USD10bn of investable capital,
Apex to support first RIF
Apex has been appointed to provide depositary services to the Resonance Housing Pathways Fund in the UK. The fund is the first Reserved Investor Fund (RIF), and has secured GBP118m (USD159m) from investors.
Waystone wins ME ETF ManCo mandate
Waystone has been appointed by Lunate, an Abu Dhabi-based investment firm, to support its suite of Irish ICAV ETFs. Under the agreement, Waystone will provide ManCo services for the ETFs. Earlier this year, Lunate launched two Irish-domiciled ETFs through Euroclear.
Weitz expands with Ultimus
Ultimus has expanded its relationship with U.S.-based Weitz Investment Management. The expanded mandate includes fund accounting and administration, middle office services, and post-trade compliance for Weitz’s mutual fund and managed account complex, alongside the administration of three ETFs supporting nearly USD8bn AuM.
Trident approved in Gibraltar
Trident Trust has received approval to act as an external fund administrator in Gibraltar.
Alter Domus supports USD1bn CFO
Alter Domus, the Luxembourg-based private markets administrator, has supported Pantheon with the closing of its inaugural private equity collateralized fund obligation, which raised USD1bn.
Ultimus hires CCO from BNY
Ultimus Fund Solutions has appointed Danielle Adamson as chief client officer, a newly established role focused on strengthening client experience across the firm’s public and private markets businesses. Most recently, she served as senior director of client coverage for BNY‘s asset servicing division. Prior to BNY, she spent 16 years at State Street.
ZILO launches digital TA platform
ZILO, the UK-based fintech delivering global asset and wealth management software, has launched a fully integrated digital transfer agency platform, unifying traditional mutual fund administration with digital asset capabilities, including digitally native issuance, across a single platform. ZILO has also struck a deal with Ripple, which will join as an investor. The partnership brings together…
SS&C to support First Plus
First Plus Asset Management, a Singapore-based investment management firm, has selected SS&C to provide cross-border operations support across Asia. SS&C will service First Plus across the full investment lifecycle, delivering transfer agency, order management and execution, and investment accounting. SS&C will support around USD200m AuM.