Apex Group has been appointed to provide fund administration and depositary services to the debut fund of Melior Equity Partners. Melior was launched in early 2020 following the completion of a spin-out of the investment team from The Carlyle Group’s Irish activities. The fund has recently held a first close for its Luxembourg domiciled debut…
Category: Independents
Frank Egan joins SS&C to head M&A
Frank Egan has joined SS&C as managing director, mergers & acquisitions. He will report to Bill Stone, chairman and chief executive officer. Egan joins SS&C from Lake Bridge Capital Ventures, where he was managing partner. He has more than 35 years of experience in investment banking and venture capital.
IQ-EQ completes acquisition of CE&S in France
IQ-EQ, the Luxembourg-based provider of corporate and fund services, has acquired Conseil Expertise & Synthese, an independent accounting business based in Paris. This acquisition is the second in France for IQ-EQ 2020, complementing its purchase of Peru & Partners to create a business with 75 people in the country. CE&S offers accounting, tax, payroll and…
SS&C launches Global Investor & Distribution Solutions business
Following its 2018 acquisition of DST, SS&C has launched a new unit, Global Investor and Distribution Solutions (GIDS), delivering global transfer agency and investor servicing through a single platform. Nick Wright has been appointed as head of GIDS. Wright joined SS&C in 2018 and was previously with State Street and Northern Trust.
Apex appointed as administrator for UK’s Preservation Capital
Apex, the Bermuda-based administrator, has been appointed to provide fund administration services to Preservation Capital Partners, a UK-based mid-market private equity investor. Preservation Capital, a specialist investor in the asset-light financial services sector, recently announced the closing of its debut fund, Preservation Capital Partners Fund I, at its hard cap of GBP309m (USD400m).
4Pines selects Harmonate for data operations services
4Pines Fund Services, a start-up private equity administrator based in the U.S., has selected Harmonate to provide data operations services. Harmonate claims its Conductor data operations product for fund administration can provide 20pct cost savings in year one of implementation, and 80 percent savings in ensuing years, as well as reducing reporting delivery timelines by…
Amy LeJune joins IQ-EQ’s corporate services team in UK
IQ-EQ, the Luxembourg-based provider of fund and corporate services, has strengthened its senior corporate services team in the UK with the appointment of Amy LeJune, who joins the firm’s corporate segment as a client services director. She joins IQ-EQ from Intertrust.
Fir Tree Partners selects Arcesium for MO & BO support
Fir Tree Partners, a private investment firm based in New York, has selected Arcesium‘s integrated technology platform and services solution to support its operational model. Arcesium’s platform will provide Fir Tree with a single repository to manage all of its middle and back office workflows, including reconciliation, portfolio analytics, data management, treasury, and cash functions.…
Nottingham gets SEC green light for non-transparent ETF structure
The Nottingham Company, Inc., a U.S.-based fund services administrator and private label issuer to the mutual fund and ETF sectors, has gained SEC approval for the short form exemptive relief application for Blue Tractor’s Shielded Alpha ETF structure. This SEC action will enable Nottingham, its affiliate investment advisor OBP Capital and the Spinnaker ETF Series,…
Oak and PraxisIFM plan to merge
Oak Group and PraxisIFM, two administrators based in Guernsey, plan to merge. Heads of Terms, which enable both companies to start formal negotiations, have been agreed and signed. Established in 2018 through the consolidation of four businesses, Oak operates across six jurisdictions with approximately 200 employees worldwide. PIFM listed on TISE in 2017 and has…