Citi has been appointed as custodian of international securities for Depósito Central de Valores (DCV), the Chilean CSD. Transition of the assets has been completed. DCV holds >USD413bn of international assets.
Category: Mandates
Latin Leap appoints Apex
Latin Leap has appointed Apex to provide fund services for its venture capital fund. Latin Leap is a venture capital studio seeking to contribute to the Latin American economy through technology investments in regional early-stage start-ups and to soft-land purpose-driven technology companies in Latin America. It expects to invest USD25m in around 15 startups over…
First Eagle outsources recons
Arcesium, the fintech that is backed by J.P. Morgan, has been selected by First Eagle Alternative Credit, an alternative credit investment manager with USD21bn AuM, to provide its reconciliation solution. Arcesium’s capabilities are designed to enable FEAC to optimise its reconciliation procedures, bolster its operational efficiencies, and achieve further economies of scale.
Partners Capital expands Apex mandate
FundRock Management Company, a European third-party ManCo and AIFM owned by Apex, has been appointed by Partners Capital to provide ManCo services to its flagship fund. FundRock previously supported the fund’s re-domiciliation to Luxembourg. Partners Capital is an outsourced investment office managing >USD51bn of assets and acting for endowments and foundations, investment professionals and families.…
Spaceship selects Eze
Spaceship, an Australian investment app, has selected SS&C‘s Eze Investment Suite to support its portfolio management operations. Spaceship has c. AUD500m (USD332m) AuM across its three managed funds – Earth, Origin, and Universe – with some 200,000 users. Eze Investment Suite will support Spaceship with balance sheet maintenance, P&L reporting, and daily bulk data exports,…
Ultimus supports Nomura interval fund launch
Ultimus Fund Solutions, a U.S.-based provider of fund administration, accounting, and investor solutions, has supported Nomura Private Capital with the launch of the firm’s first interval fund. Nomura is expanding into intermediary distribution, with a focus on RIAs, banks, trusts and family offices, with the launch of the Nomura Alternative Income Fund (NAIFX).
JTC supports Valour’s ETP launch
JTC Group, together with Carey Olsen, have supported Canada-based digital asset manager Valour Inc.’s new digital asset ETP programme in Jersey, C.I., which will be offered to investors across the European Union. The ETPs will provide investors with access to a variety of cryptocurrencies and other digital assets via a regulated stock exchange. Issued by…
Paget-Brown chooses Deep Pool
Deep Pool Financial Solutions, the Ireland-based investor services and regulatory solutions provider to alternative and retail fund administrators, has been appointed by Paget-Brown Financial Services Limited to provide its investor servicing solution to accelerate growth of the Cayman Islands-based firm’s fund administration business. Deep Pool’s technology supports 11 of the world’s top 20 alternative fund…
Participant Capital expands with Apex
Participant Capital Advisors, LLC, a U.S-based real estate investment fund manager. has appointed Apex to provide fund administration services for its latest U.S. fund, the Participant Capital Sun Belt Multifamily Development Fund I. The fund is targeting USD250m in capital commitments. Apex was initially appointed in 2022 to provide fund administration services to Participant Capital’s…
Gryphon selects Mfact
Gryphon Fund Group, a U.S.-based fund administration firm with USD6bn AuA, has selected Linedata Mfact for fund accounting, NAV calculation and reporting.