Pricoa Private Capital, part of PGIM, has appointed Apex to support its provision of senior capital to Real Betis Balompié for refinancing. Real Betis is a Spanish professional soccer club based in Seville. Pricoa has provided the club with a EUR65m senior secured term loan. Apex in Spain acted as the facility and security agent…
Category: Independents
Gen II hires BBH veteran in Lux
Michael Mekhaeel has joined Gen II Fund Services as head of depositary at Gen II Luxembourg Services, a wholly-owned subsidiary. Mekhaeel previously spent 17 years at BBH in Luxembourg. Gen II focuses exclusively on the private capital sector, and claims to have USD900bn AuA.
Citco opens new Guernsey office
Citco, the specialist asset-servicing provider to the alternative investment sector, has opened a new office in Guernsey, focusing on private equity and private credit. Citco opened its first Guernsey office in 2014.
Zodia hires sales head for Europe & MENA
Zodia Custody has appointed Gary Afentakis as head of sales for Europe & MENA. He was previously at Matrixport.
Meacock implements Clearwater reporting solution
S.A. Meacock and Company Limited, a Lloyd’s of London insurer with USD320m AuM, has implemented the Clearwater Analytics solution for investment accounting and reporting, including Lloyd’s reporting. Clearwater Analytics is a U.S.-based provider of SaaS-based investment management, accounting, reporting, and analytics solutions.
Hassana to deploy SimCorp solutions
Hassana Investment Company, the investment manager of Saudi Arabia’s General Organization for Social Insurance (GOSI), has entered into a partnership with SimCorp to deploy its investment management platform. GOSI is one of one of the world’s largest pension investors, with more than USD320bn AuM. The partnership agreement covers SimCorp’s back and middle office suite and…
Apex wins TGC mandate
Apex has been appointed by True Green Capital Management LLC to provide fund administration and investor reporting solutions for its latest fund, True Green Capital Fund IV, L.P. Based in the U.S., TGC is a renewable energy infrastructure investment firm which, since 2011, has deployed over USD1.2bn of total capital across 14 U.S. states and…
UI tops PwC ManCo rankings
The 2023 Observatory for ManCos, an annual report published by PwC Luxembourg, has confirmed that Universal Investment, the Germany-based administrator which claims to have EUR979bn (USD1.1trn) AuA, is the largest third-party ManCo with AuM of EUR 118.9 bn (USD128bn); and the largest AIFM, with AuM of EUR102.2bn (USD110bn).
Latin Leap appoints Apex
Latin Leap has appointed Apex to provide fund services for its venture capital fund. Latin Leap is a venture capital studio seeking to contribute to the Latin American economy through technology investments in regional early-stage start-ups and to soft-land purpose-driven technology companies in Latin America. It expects to invest USD25m in around 15 startups over…
TMF hires global head of cap markets
TMF Group, the Netherlands-based provider of compliance and administrative services, has appointed Cliff Pearce as global head of capital markets. Pearce joins from Intertrust, where he was global head of capital markets services. He reports to Daniel Max, head of global solutions.