Participant Capital Advisors, LLC, a U.S-based real estate investment fund manager. has appointed Apex to provide fund administration services for its latest U.S. fund, the Participant Capital Sun Belt Multifamily Development Fund I. The fund is targeting USD250m in capital commitments. Apex was initially appointed in 2022 to provide fund administration services to Participant Capital’s…
Category: Independents
EFA rebrands to…efa
European Fund Administration, the Luxembourg-based administrator that was acquired by Universal Investment in 2022, has rebranded to efa.
Suntera to acquire in Guernsey
Suntera Global, the C.I.-based administrator, plans to acquire Carey Commercial Limited, a Guernsey-based fund, corporate and private wealth services provider. With 80 employees, Carey currently provides professional, administrative and accounting services to a portfolio of fund managers, institutions, UHNWs and family offices. The deal is subject to regulatory approval.
Alter Domus acquires CLO specialist
Alter Domus, a Luxembourg-based provider of fund administration, debt capital markets, and corporate services for the alternative investment industry, has acquired Solvas, a loan and debt servicing software platform, from Deloitte. Solvas serves asset managers and trustee participants in the collateralised loan obligation (CLO) markets internationally and offers accounting, modelling, and credit risk solutions. Most…
Gryphon selects Mfact
Gryphon Fund Group, a U.S.-based fund administration firm with USD6bn AuA, has selected Linedata Mfact for fund accounting, NAV calculation and reporting.
ASCENT expands to UK
The ASCENT Group, a Singapore-based fund administrator with USD20bn AuM, is expanding into the UK market. Jamie Spark will be managing director of Ascent Fund Services (UK) Ltd. Having previously led business development in Australia.
JTC appoints new CEO of INDOS
JTC, the C.I.-based administrator, has appointed Abi Holland as CEO of INDOS Financial, a UK-based provider of fund depositary and oversight services which JTC acquired in2021.She takes over the role from Alan Davies, who will continue to work with INDOS until his retirement.
Crestbridge hires Ireland compliance head
Crestbridge, the C.I.-based alternatives administrator, has appointed Paul Phelan as head of risk & compliance in Ireland. He will be responsible for risk, compliance and MLRO for Ireland. He was previously with Link Group.
Yealand appoints head of operations
Darren Hay has been appointed as head of operations at Yealand Fund Services, a UK-based administrator. Prior to joining Yealand, he worked at Columbia Threadneedle, Zurich Assurance, St James’s Place and, most recently, at Brunel Pension Partnership.
SS&C hires from ICI for compliance role
SS&C has hired Joanne Kane as chief compliance officer for SS&C Global Investor and Distribution Solutions (GIDS) in the U.S. She will lead efforts to identify and support the complex compliance and risk management needs of SS&C’s registered fund clients in the U.S. Kane joins SS&C from the Investment Company Institute, an industry association representing…