Vesper Infrastructure Partners, an infrastructure investor, has appointed CACEIS to provide depositary services for its maiden fund, Vesper Next Generation Infrastructure Fund I SCSp. Vesper is still fundraising, with assets of around EUR600m (USD682m), a target fund size of EUR800m and hard cap of EUR1bn.
Category: Mandates
JTC supports VC fund launch
JTC has provided ongoing support as fund administrator, depositary and hosted AIFM partner to Osney Capital, a specialist early-stage investor focused on the cybersecurity sector. JTC is supporting Osney’s debut venture capital fund, which is oversubscribed from its original target of GBP50m (USD64m).
Apex wins GIFT mandate
Apex has been appointed by Nippon Life India Asset Management – the fourth largest asset management company in India – to provide fund administration services in the GIFT City, India.
BNPP signs with Confluence
Confluence Technologies, a technology solutions provider for regulatory, analytics, and investor communications solutions for the investment management industry, has signed a deal with BNP Paribas’ securities services to deploy its Confluence Unity Financial Reporting to support its private capital client segment.
IQ-EQ supports Queen’s Park Equity
IQ-EQ has assisted Queen’s Park Equity on the launch of Queen’s Park Equity Partners II, which closed oversubscribed at GBP305m (USD389m).
Alchelyst partners with Fund Recs
Alchelyst, the Ireland-based fund administrator for all alternative asset classes, has selected Fund Recs for its reconciliation software. Services provided by Fund Recs to Alchelyst include cash recs, position recs, and transfer agency recs, as well as custom recs and data workflow automation, all delivered through its SaaS solution.
HSBC supports ZKB’s ETF launch
Zürcher Kantonalbank, Switzerland’s largest cantonal bank, has listed four ESG ETFs on the SIX Swiss Exchange. Three are domiciled in Ireland and one in Switzerland. HSBC is acting as AP and providing custody, depositary, fund administration and transfer agency services for the three ETFs domiciled in Ireland, which make up ZKB’s inaugural Ireland-domiciled ETF umbrella.
Ultimus supports KKM ETF conversion
Ultimus has supported KKM Financial in transitioning its Essential 40 mutual fund to an ETF. KKM Financial, an investment firm based in Chicago, launched The Essential 40 ETF, the latest addition to its suite of research-driven financial products. This new fund will utilise the benefits of the Northern Lights Fund Trust II series trust.
Haycen appoints NTRS
Northern Trust has been selected by Haycen Bermuda Ltd., a trade finance digital payments provider with operations in the UK and Europe, to provide global custody and money market fund services. Under the new mandate, Northern Trust will provide Haycen with global custody services for its client fiat deposits. Northern Trust Asset Management will provide…
Langham Hall supports Northcote fund launch
Langham Hall, the UK-based administrator, has supported Northcote Equity in the first and final close of its debut fund, Northcote Fund I, at its hard cap of GBP160m (USD207m). Langham Hall has provided fund administration and accounting services from its Guernsey office, as well as appointed representative services from its London office.