IQ-EQ has supported Premico, a Finland-based real estate fund manager, with the first closing of its newest residential fund, Premico Residential Fund III, raising EUR45m (USD44m) in equity commitments. IQ-EQ Luxembourg is providing fund administration, depositary and AIFM services, as well as corporate services and directorship for the GP and MasterCo.
Category: Independents
Madison signs with Confluence
Confluence, a U.S.-based fintech provider for the investment management industry, has signed a multi-year contract with Madison Investments. The Wisconsin-based firm, with >USD20bn AuM, uses the Confluence composites solution to support its compliance with GIPS (Global Investment Performance Standards).
IQ-EQ wins new mandate
IQ-EQ has been appointed to provide fund administration services to NBD Ventures T&T Opportunity Fund, a new fund accelerating payment liquidity for the travel and transport industries.
Apex goes with Enfusion for MO
Apex has selected the Enfusion platform to enhance the delivery of middle-office services to its global fund administration client base. Enfusion is a U.S.-based provider of SaaS solutions for hedge funds and asset managers. Apex will use Enfusion’s software for cash and position reconciliation, corporate actions processing and verification, trade affirmation and break resolution, shadow…
Link broadens relationship with EFA
European Fund Administration, which is due to be acquired by Universal Investment, has been appointed by Link Fund Solutions (Luxembourg) S.A. to provide middle office services covering trade management services for transferable securities and for financial derivative instruments. This new mandate broadens the longstanding relationship between EFA and Link Fund Solutions (Luxembourg) S.A., a third-party…
Vistra hires U.S. RE head
Vistra, a provider of advisory and administrative support to fund, corporate, capital markets, and private wealth clients, has hired Marlyn Ramirez as director, real estate fund operations, U.S. She joins Vistra with 20 years’ experience in real estate fund accounting, investor reporting, fund returns and investment management accounting systems implementation. Prior to joining Vistra, she…
Fenergo upgrades KYC offering
Fenergo, the provider of digital solutions for KYC and CLM, has launched a new perpetual KYC solution to enable financial institutions to streamline periodic KYC review processes and reduce costs through automation. The solution, Fenergo Smart Review, automates the continuous monitoring of client profiles for KYC compliance by identifying all changes to relevant entity data,…
SS&C signs with Napier
SS&C has signed a deal with Napier, the financial crime prevention fintech, for Napier’s AI-enhanced financial crime risk management platform, Napier Continuum, which includes client screening and transaction monitoring tools. Napier Continuum enables large-scale screening and re-screening capabilities, and has been designed to scale alongside increasing compliance obligations as the business grows.
Suntera supports IoM DLT start-up
Suntera Global, the Isle of Man-based administrator, is providing a suite of services through its digital division to support the establishment of a blockchain-based tech start-up in the Isle of Man which aims to revolutionise the digital funding and investment space. Suntera’s specialist fintech and crypto asset services division has provided a range of structuring…
Ultimus hires from U.S. Bank
Ultimus Fund Solutions, a U.S.-based provider of fund services, has hired Gail Zess as VP of relationship management, and Catherine (Catie) Pfeifer as AVP of control accounting. Both join from U.S. Bank.