HSBC has facilitated the first onshore private fund investment via the Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (QFII/RQFII) scheme in mainland China. HSBC is the custodian, providing services including investment scope update filing, payments, and custody for this market-first transaction completed by Baring Asset Management Limited. The fund is the first…
Category: Mandates
Axxion transfers nine AIFs to CACEIS in Germany
Axxion S.A., a Luxembourg-based management company, has transferred nine of its funds to CACEIS in Germany. These funds are open-ended special AIFs, regulated under German law. CACEIS will provide depository and custody services as well as FX trading, fund execution, and execution & clearing for exchange traded derivatives. Total AuA is c. EUR1bn (USD1.2bn). Axxion…
CBRE to provide fund accounting for new GLP fund
CBRE has been selected to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners, one of the largest industrial real estate fund managers in the world. CBRE’s fund and property administration group offers integrated real estate design & construction accounting, property accounting and fund administration services to…
Blue Flag Partners appoints PEF as RE fund administrator
PEF Services, a U.S.-based fund administrator for alternative investment managers, has been selected to provide fund administration services to Blue Flag Partners, a U.S.-based real estate firm.
Apex mandated to service new Lux fund for Frontera
Apex has been mandated to provide fund services to Frontera Capital Group Limited, a UAE-based fixed income investment firm. Apex will provide Frontera with AIFM, administration, custody and corporate services. Frontera is currently raising USD400m for a new Luxembourg fund, with final close expected towards the end of Q1 2021.
Clearstream appoints BP2S as ANZ sub-custodian
Clearstream, Deutsche Börse’s post-trade services provider, has mandated BNP Paribas Securities Services to provide local sub-custody services in Australia and New Zealand. BP2S already provides local clearing and custody to Clearstream across the Euronext and Turkish markets.
Janus Henderson appoints SS&C/IFDS for global TA
Janus Henderson, the global asset manager with c. USD360bn AuM, has chosen SS&C and IFDS to provide global transfer agency services for its funds. The scope of the mandate will cover funds in jurisdictions outside the U.S. The first stage of the project saw more than 15,000 Irish accounts with more than EUR10bn of assets…
Glenmede adds equity trading to State Street mandate
Glenmede Investment Management L.P., a U.S.-based money manager with USD11bn AuM, has appointed State Street to provide outsourced non-US equity trading and middle office services for GIM’s international equity strategy. This mandate adds to the recently extended investment servicing relationship covering custody, accounting, fund administration and transfer agency solutions for the Glenmede Funds.
GPP adds SGSS to global settlement agent network
GPP, the UK-based clearing, institutional custody and wealth solutions firm, has appointed Société Générale Securities Services, through its subsidiary PAREL, as a settlement agent for its clearing business. The deal will see the SGSS join GPP’s settlement infrastructure alongside GPP’s other agents and its own direct Crest participation.
Vuna Partners appoints Prescient as administrator for PE fund
Vuna Partners (Pty) Ltd, a mid-market private equity firm based in South Africa, has selected Prescient Fund Services as fund administrator for the Vuna Partners Fund I. Vuna Partners has been seeded by Thuso Incubation Partners, a black-majority-owned private equity incubator. Earlier this year Thuso appointed Prescient to administer its fund of private equity funds.