Apex is to acquire Pacific Fund Systems (PFS), the Isle of Man-based fund administration software provider, from its co-founders and Pollen Street Capital. The acquisition follows Apex’s longstanding partnership with PFS through the use of PFS-PAXUS and will expand use of the technology platform to enhance the delivery of timely, accurate and independent portfolio accounting,…
Category: Independents
Formidium launches SPV tax service
Formidium, the U.S.-based third-party provider of fund administration and back-office technology solutions, has launched SPV Tax, a U.S. tax returns preparation and e-filing professional service suite for SPVs, which are often used to isolate and segregate investment assets. SPV Tax provides a unified, and end-to-end platform for U.S. federal and state tax return preparations and…
Gen II makes senior Lux appointments
Gen II Fund Services, an independent U.S.-based private capital fund administrator with USD900bn AuA, has appointed Christophe Ponticello as Luxembourg country head, and Duncan Christie as COO. Both are internal promotions.
HIGHVERN receives CBI approval for alts admin
HIGHVERN, the C.I.-based administrator, has received authorisation from the Central Bank of Ireland to provide fund administration services to alternative funds. HIGHVERN launched its Irish business, with offices in Dublin, in January 2022. The firm recently appointed Colm Clifford as an Irish Independent Non-Executive Director, joining the board as an INED and chair, Clifford is…
Apex completes Maitland deal
Apex has completed its acquisition of the fund services and third-party ManCo business operations of Maitland International Holdings plc, the South Africa-based fund services provider. Maitland provides services for 120 direct investment managers and 25 fund sponsors, with >USD200bn AuA and USD17bn AuM. Maitland’s 570 employees will join the group, expanding Apex’s existing presence in…
Formidium launches crypto tax service
Formidium, the U.S.- based administrator (formerly Sudrania), has launched Crypto Fund Tax, a suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets. Crypto Fund Tax is aimed at managers and funds that invest in cryptocurrency, DeFi, blockchain, mining, staking, NFTs, tokens, private equity, venture investments, and real estate…
HIGHVERN appoints INED for Ireland
HIGHVERN, the C.I.-based administrator, has appointed Colm Clifford as an Irish Independent Non-Executive Director. He will join the board as an INED and chair, alongside Ireland country head, Philip Dempsey, and fellow directors Emma Keane and Adrian Bailie. Clifford is a former KPMG audit partner, holding various senior leadership roles specialising in financial services.
Crestbridge appoints UK head of corporate services
Crestbridge, the C.I.-based alternatives fund services provider, has appointed Anthony Lee as UK head of corporate services. He joins from Apex, where he was head of listed funds, UK.
KAR appoints Apex for Australian fund
Kayne Anderson Rudnick, a U.S.-based manager, has appointed Apex Group to service its Australian fund. KAR has >USD45bn AuM, offering a variety of actively managed equity and fixed-income strategies to institutional, broker-dealer and high-net-worth clients. Apex will provide fund administration, custody and transfer agency services to the Kayne Anderson Rudnick Global Small Cap Fund.
STP acquires WealthSite
STP Investment Services, a U.S.-based fund administrator that was acquired by Lovell Minnick earlier this year, has acquired WealthSite, a firm that provides an accounting, portfolio management, reporting and analytics platform to single and multi-family offices, traditional wealth advisory firms and money managers serving UNHW clients. The acquisition brings STP’s total AuA to >USD400bn.