H.I.G. Capital, an alternative investments firm with USD70bn AuM, has selected SEI to provide fund administration and depositary services for certain Luxembourg- and Cayman-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide.
Category: Mandates
BNPP supports innovative Spanish fund
Azvalor, the Spanish asset manager, has launched its first tokenised investment fund, within the regulatory sandbox of the Spanish National Securities Market Commission (CNMV). This project, developed jointly with Allfunds Blockchain and BNP Paribas acting as depositary bank and fund administrator, introduces an alternative distribution model for UCITS funds. The fund, Azvalor Blockchain FI, represents a structural innovation…
SFP selects Broadridge for front-to-back transformation
Swiss Finance & Property Group, a Swiss real estate asset manager with >USD15bn AuM, has appointed Broadridge for a full front-to-back transformation of its investment management technology platform. Broadridge will provide SFP Group with its integrated platform of investment management solutions, including trade order and execution management, portfolio management, pre/post trade compliance, risk management, middle…
Aztec supports Lakestar’s new fund
Aztec Group, the C.I. based administrator, has supported Lakestar, a European venture capital firm, on the close of Lakestar Continuation Fund I, a USD265m (EUR228m) continuation vehicle. Aztec provides fund administration services to LCF I from its Guernsey office, continuing its long-standing relationship with Lakestar.
Langham Hall supports Zenzic’s new debt fund
Langham Hall, a UK-based provider of fund administration and AIFMD services, has supported the launch of Zenzic Capital’s new evergreen debt fund, the Zenzic Real Estate Credit Opportunities Fund. The fund is targeting commitments of up to USD3bn. Langham Hall is providing fund accounting and administration services to the fund and associated entities from its…
Axcelus outsources to SS&C
Axcelus Financial, a provider of life insurance and annuities, has selected SS&C to modernise its IT stack and transform its operations. Additionally, Axcelus is transitioning IT infrastructure and client support for its operations in the U.S. and Bermuda to SS&C Global Investor & Distribution Solutions. As a result, some Axcelus staff will transfer to SS&C.…
BNPP wins Allianz UK mandate
BNP Paribas been awarded a mandate from Allianz UK to provide a range of asset services in the UK, including global custody, agency securities lending, auto FX, CLS and cash services. The onboarding process has now been completed. This mandate builds on the existing partnership with Allianz in core markets including Germany, Italy and Belgium.
Arysteq expands with Apex
Arysteq Asset Management, Namibia’s leading and wholly Namibian-owned investment manager, has expanded its long-term partnership with Apex Group by adopting Apex’s open-ended fund administration and transfer agency services.
Boothbay appoints SS&C GlobeOp
Boothbay Fund Management, a multi-strategy alternative investment advisor, has selected SS&C GlobeOp as its fund administrator. Boothbay’s multi-manager platform has >USD2.5bn AuM across >140 separately managed accounts.
NTRS to support Brandes Australia fund
Northern Trust has expanded its relationship with Brandes Investment Partners (Asia) Pte Ltd, part of the Brandes group of companies that includes Brandes Investment Partners L.P, to support the launch of the Brandes Global Value Fund in Australia, providing global custody and fund administration. Brandes, a California-based investment advisory firm, has been a Northern Trust…