Phoenix Venture Partners has received approval of an Abu Dhabi Global Market (ADGM) fund manager licence. Phoenix Ventures is a specialist investment and asset management firm with a focus on early stage, technology-based investments across multiple industry segments. Apex will provide corporate and fund services to the company and its first fund, which is set…
Category: Mandates
Alter Domus supports Partners Group
Alter Domus, the Luxembourg-based provider of fund administration, asset and corporate services for the alternative investment industry, has signed an outsourcing partnership with Partners Group, one of the largest firms in the global private markets industry. The partnership sees Alter Domus support a broad range of operational functions for Partners Group’s closed-end product offerings, spanning…
2Xideas adds to Northern Trust mandate
2Xideas AG has expanded its relationship with Northern Trust to include Integrated Trading Solutions (ITS). The Switzerland-based investment firm, with c. USD2bn in AuM, first appointed Northern Trust in 2022 as the firm’s fund accounting, financial reporting, transfer agency, custody, and depositary services provider. The firm currently manages four funds and several managed accounts, which…
TRS selects SimCorp One
SimCorp, the fintech owned by Deutsche Börse Group, has signed a deal with the Teacher Retirement System of Texas (TRS) to implement SimCorp One, its end-to-end investment platform that supports the entire investment lifecycle for public and private markets. TRS is the seventh largest pension plan in the U.S., with USD202bn AuM.
BT hires SS&C for unit registry
BT, the Australian wealth management business owned by Westpac, has appointed SS&C for unit registry services. SS&C’s managed fund administration team will provide unit registry services to 88 BT-managed funds, including investor servicing and unit registry websites for digital account access and transactions. BT previously managed unit registry and investor servicing for these funds in-house.
Challenger signs with State Street
Challenger Limited, the publicly listed Australian investment management firm, has appointed State Street to provide custody and, through State Street Alpha, back-, middle- and front office investment administration services, for a suite of listed and unlisted investment vehicles with AUD127bn (USD85bn) AuM. Challenger will be one of the largest investment managers in the region to…
Waystone wins CLO ETF mandate
Fair Oaks Capital, a UK-based corporate credit manager, has received approval from CSSF, the Luxembourg regulator, to launch what is believed to be the first European-domiciled, Euro-denominated CLO ETF. Fair Oaks plans to list the ETF on Deutsche Börse Xetra and the London Stock Exchange shortly. Waystone has been appointed as the ManCo.
UI wins major ManCo mandate
Intesa Sanpaolo Wealth Management, the newly established Luxembourg wealth management branch of the Intesa Sanpaolo Group, has appointed Universal Investment Group as ManCo for its UCITS SICAV portfolio in Luxembourg. UI efa will act as central administrator, and the Spuerkeess, a Luxembourg-based savings bank, as the custodian. The SICAV portfolio has been migrated to the…
Imperium supports VC fund
Imperium, the C.I.-based administrator, has supported Creandum, a European venture capital firm, on the launch of its oversubscribed seventh fund.
Komainu to service BUIDL
Komainu, the C.I.-based digital asset services provider, is to provide custody for BlackRock’s BUIDL Token. The BUIDL Token – BlackRock USD Institutional Digital Liquidity Fund – is a tokenised fund created by BlackRock. Operating on the Ethereum blockchain, BUIDL offers institutional investors exposure to U.S. dollar yields through tokenisation. By tokenising a U.S. dollar fund,…