Category: Independents

Apex is to acquire IP Management Company (RF) (Pty) Ltd, a South African unit trust ManCo. IPMC is a collaboration between established financial services businesses, which compete and promote their products independently, but co-exist in a relationship within IPMC, creating a business with depth of resources and diversification of assets under administration. IPMC adds ZAR22bn…

IQ-EQ, the Luxembourg-based provider of fund administration, private debt, and corporate services for the alternative investment industry, has gone live on Temenos’ Multifonds platform, implementing the solution in under six months. IQ-EQ chose Temenos Multifonds Global Investor Servicing to automate and streamline its investment operations, initially for transfer agency services in Europe, with the potential…

Gen II Fund Services, the U.S.-based independent private capital fund administrator, has closed the acquisition of Crestbridge, a UK-based provider of private capital fund administration services. The acquisition of Crestbridge expands Gen II’s presence in Luxembourg and adds jurisdictional reach in the UK, Jersey, Ireland, and other international markets, significantly broadening Gen II’s global service…

Following the appointment of Sridhar Nagarajan as managing director, Singapore and regional CEO, Asia, Middle East and Africa, IQ-EQ has appointed Rehma Imrith as its new managing director for Mauritius, and Pazani Vaitilingon, head of funds, Mauritius, as chief commercial officer for Africa, India and Middle East.

Aztec Group has supported Epiris, an independent private equity manager, on the launch and final close of its buyout fund, Epiris Fund III, which was oversubscribed at its hard cap of GBP1bn in third party investor commitments. Aztec has been administering Epiris’ funds since 2017 and, in addition to supporting the close of Fund III,…

Two regional appointments for IQ-EQ, the Luxembourg-based administrator, Sridhar Nagarajan has been appointed as managing director for Singapore and regional CEO, Asia, Middle East and Africa. He has been part of IQ-EQ’s senior leadership team since 2019. Paul Giblin has been appointed managing director for Ireland. He joined IQ-EQ in 2022 as managing director of…

The SILC Group, an alternative assets solutions provider based in Australia with more than AUD2bn (USD1.3bn) in funds under supervision, will partner with Tokeny, the institutional tokenisation solution provider in which Apex recently took a stake. Together, they aim to realise SILC’s digitalisation vision by upgrading alternative assets on to blockchain through tokenisation. The collaboration…