Arrow Global Group Limited, a European alternative asset manager specialising in private credit and real estate, has selected SEI to support its fund administration, loan operations, and investor services for its private credit fund domiciled in Luxembourg.
Category: Independents
Komainu wins CoinShares ETF mandate
Komainu, the C.I.-based digital asset service provider and custodian which is backed by Nomura, has been chosen by CoinShares as custodian for the SEC-approved CoinShares Valkyrie Bitcoin Fund. CoinShares acquired Valkyrie Funds LLC earlier this year as part of its expansion into the U.S. market. This acquisition included the sponsor rights to the Valkyrie Bitcoin…
Capitolis raises more funds
Capitolis, the fintech focused on capital markets, has received new investments from four banks. The new funding round is led by Citi and includes State Street, both existing investors in Capitolis, as well as new investors Morgan Stanley, and UBS. Each bank will invest USD5m and will join other existing investors including Andreessen Horowitz (a16z),…
TIFF outsources Form PF reporting
TIFF Investment Management, a U.S.-based provider of advice and investment solutions for nonprofits and other institutional clients, has expanded its relationship with SS&C to include Form PF reporting. TIFF will outsource Form PF reporting to SS&C for all of TIFF’s >40 private funds, subject to compliance with the regulation. TIFF also uses SS&C for tax…
Front Street transfers to SEI
Front Street Capital Management, an RIA, has selected SEI for custody and technology solutions. Front Street is moving >USD600m in assets to SEI.
Apex appoints Africa head
Apex has appointed Robert Walton as head of ManCo services – Africa. He joined Apex through its acquisition of Boutique Collective Investments and Boutique Investment Partners in 2023. His remit will now include being CEO of Fundrock Management Company.
Waystone hires CPO
Waystone, the Europe-based provider of specialist services to the global asset management industry, has appointed Pervaiz Panjwani as chief product officer. Prior to joining Waystone, Panjwani was at Citi, where he held several global and regional senior roles across product, sales and relationship strategy in asset servicing, including co-global head of fund services, where he…
Phoenix deploys Allvue
Phoenix Fund Services Group, LLC, a woman and minority owned and led fund administration provider, has selected Allvue Systems to enhance its fund administration services. Phoenix is now live with Allvue’s fund accounting and investor portal solutions.
FundBank granted U.S. licence
FundBank, a bank for alternative asset managers, has been approved by the U.S. Department of the Treasury’s Office of the Comptroller of the Currency to operate a national bank. FundBank, N.A. is headquartered in Texas, with a relationship management office in New York. The bank will begin operations with a limited number of initial clients…
Ultimus hires senior managers
Ultimus Fund Solutions has hired several new senior managers. Jessica Chase joins as SVP, relationship management. She was previously at Apex. Lance Christofferson joins from SS&C as SVP, retail alternatives transfer agent. Kerric Kynard joins from ACA Group as SVP, business development. Jennifer Myers joins from Citi as SVP, fund accounting.