IQ-EQ, the Luxembourg-based financial services provider, has been appointed to provide fund services to Multiplicity Partners’ new Jersey expert fund, LTO Fund III LP. Multiplicity is an investment boutique specialising in providing liquidity to holders of private market funds and distressed assets. From its Jersey office, IQ-EQ will provide administration, regulatory, compliance, accounting, directorship, registered…
Category: Mandates
LendInvest selects SS&C GlobeOp for fund admin
LendInvest, a UK platform for property finance, has selected SS&C GlobeOp to provide fund administration services for its existing open-ended fund. As well as fund administration and accounting services, SS&C will provide its e-Investor transaction processing platform, corporate secretarial and Automatic Exchange of Information Agreements (AEOIs).
Ultimus supports Shelton’s consolidation of ICON funds
Ultimus Fund Solutions provided operational support to a fund sponsor client, Shelton Capital Management, as it restructured another mutual fund family. Earlier this year, Shelton announced a transaction with ICON Advisers after which Ultimus facilitated the consolidation of the funds and conversion from another service provider. Post conversion, Ultimus will provide fund accounting and transfer…
Brooks Macdonald signs outsourcing deal with SS&C
Brooks Macdonald, a UK wealth manager, has partnered with SS&C for technology and operational services. As part of the arrangement, Brooks Macdonald will consolidate its operations on SS&C technology. By 2021, SS&C will transition Brooks Macdonald’s operations to its technology and deploy its end-to-end wealth technology stack. Solutions include the SS&C Investrack digital service layer…
Apex to support LCP Fund II for Egypt’s Lorax Capital Partners
Apex, the Bermuda-based global fund and corporate services provider, has been appointed by Lorax Capital Partners to provide fund administration and corporate services to LCP Fund II. Lorax is an Egypt-based private equity firm. Lorax has secured commitments from five LPs, totaling USD142m, for the first close of LCP Fund II.
HSBC to administer new HK/China cross-listing ETFs
HSBC has been appointed trustee, custodian and fund administrator for the first two ETFs in Hong Kong under the cross-listing scheme between Hong Kong and mainland China. Financial regulators in both markets have authorised Hang Seng Investment Management and CSOP Asset Management to launch Hang Seng Harvest CSI 300 Index ETF and CSOP Yinhua CSI…
Kieger appoints Northern Trust to administer Lux funds
Kieger AG a Swiss-based asset manager, has appointed Northern Trust to provide fund administration, global custody, depositary and currency management services for its Luxembourg-domiciled funds. Founded in 2000, Kieger manages assets focused on healthcare, sustainability, private equity and multi-asset portfolios. Its Luxembourg funds are structured as SICAVs and FCPs.
SHUAA Capital appoints Apex to support new GCC fund
Apex has been appointed to provide fund administration to the USD200m Financing Opportunities Fund of SHUAA Capital psc, an asset management and investment banking platform based in the UAE. Apex will deliver services including financial reporting, investor communication, capital transactions and accounting support. SHUAA has USD13bn in AuM.
Ultimus supports innovative PE interval fund for Primark
Ultimus Fund Solutions has supported the launch of Primark Private Equity Investments Fund, an interval fund that focuses on private equity and gives non-accredited retail investors access to private equity market investment opportunities. The fund was launched by Primark Capital through a Delaware statutory trust. Ultimus facilitated the fund launch and provides daily administration, accounting…
21Shares appoints Sudrania for ETP support
21Shares, a Swiss asset management firm, has selected Sudrania Fund Services to provide fund and portfolio accounting services for its digital asset ETPs products on the SIX Swiss Exchange. Sudrania will provide daily NAVs as well as reporting and data management.