H.I.G. Capital, an alternative investments firm with USD70bn AuM, has selected SEI to provide fund administration and depositary services for certain Luxembourg- and Cayman-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide.
Category: Independents
UI opens in Singapore
Universal Investment Group, the Germany-based ManCo, has opened an office in Singapore, marking its entry into the APAC region. The office will provide local support to clients, with a focus on helping them access opportunities in the region’s real estate market. The office will also serve as a gateway for APAC asset managers and institutional…
SFP selects Broadridge for front-to-back transformation
Swiss Finance & Property Group, a Swiss real estate asset manager with >USD15bn AuM, has appointed Broadridge for a full front-to-back transformation of its investment management technology platform. Broadridge will provide SFP Group with its integrated platform of investment management solutions, including trade order and execution management, portfolio management, pre/post trade compliance, risk management, middle…
Aztec supports Lakestar’s new fund
Aztec Group, the C.I. based administrator, has supported Lakestar, a European venture capital firm, on the close of Lakestar Continuation Fund I, a USD265m (EUR228m) continuation vehicle. Aztec provides fund administration services to LCF I from its Guernsey office, continuing its long-standing relationship with Lakestar.
Carne hires CEO for Swiss ManCo
Carne Group, which claims to be Europe’s largest third-party ManCo and a provider of fund regulation and governance solutions, has appointed Saro Grano as CEO of its Swiss ManCo, Carne Global Fund Managers (Switzerland) Ltd. Most recently, he was head of ETF platforms & strategic initiatives at Zürcher Kantonalbank (ZKB) Asset Management, where he led…
Langham Hall supports Zenzic’s new debt fund
Langham Hall, a UK-based provider of fund administration and AIFMD services, has supported the launch of Zenzic Capital’s new evergreen debt fund, the Zenzic Real Estate Credit Opportunities Fund. The fund is targeting commitments of up to USD3bn. Langham Hall is providing fund accounting and administration services to the fund and associated entities from its…
Axcelus outsources to SS&C
Axcelus Financial, a provider of life insurance and annuities, has selected SS&C to modernise its IT stack and transform its operations. Additionally, Axcelus is transitioning IT infrastructure and client support for its operations in the U.S. and Bermuda to SS&C Global Investor & Distribution Solutions. As a result, some Axcelus staff will transfer to SS&C.…
Ocorian secures DIFC funds licence
Ocorian, a C.I.-based provider of asset servicing for private and corporate markets, has secured a new fund services licence in the Dubai International Financial Centre (DIFC). The new licence enables Ocorian to broaden its offering in the Middle East, Charles Rix has been recruited as head of funds, Dubai.
Rothschild moves…again
Aztec Group has appointed Marcia Rothschild as European desk head within its U.S. commercial team. She joins Aztec from FundBank, where she was senior managing director, head of business development and client relations. Previously, she spent four years at State Street as head of Latin America and the Caribbean.
Arysteq expands with Apex
Arysteq Asset Management, Namibia’s leading and wholly Namibian-owned investment manager, has expanded its long-term partnership with Apex Group by adopting Apex’s open-ended fund administration and transfer agency services.