Brown Brothers Harriman has been selected by Schroders Capital as central administrator and depositary bank for the launch of its first European Long-Term Investment Fund (ELTIF). Peter Arnold, COO of Schroders Capital, said: “We believe that a wider range of investors should have access to the opportunities that private assets can offer. BBH’s ability to…
Category: Mandates
State Street wins Bladex mandate
State Street has been appointed to provide custody services for Bladex, a Panama-based multinational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade and economic integration in the region.
BlueDrive selects Eze Eclipse
BlueDrive Global Investors LLP, a London–based investment firm, has selected Eze Eclipse as its front-to-back investment management platform.
Artemis consolidates with Northern Trust
Northern Trust has been appointed to provide a range of solutions for Artemis, a UK-based asset manager with >GBP24.3bn (USD30.1bn) AuM The deal sees Northern Trust appointed as Artemis’ single provider of asset servicing solutions. The agreement includes the provision of investment operations outsourcing solutions, fund administration, depositary, global custody and transfer agency services for…
Citi wins Aussie platform mandate
Mason Stevens Limited, the Australia-based wealth platform and provider of investment administration and managed account solutions, has appointed Citi to provide custody and integrated execution services. With >AUD6.7bn (USD4.5bn) under management and administration, Mason Stevens offers superannuation and non-superannuation products, managed account and investment solutions.
Ultimus supports interval fund launch
Ultimus Fund Solutions, a U.S.-based independent administrator, has supported Flat Rock Global with the launch of its third interval fund, the Flat Rock Enhanced Income Fund. Flat Rock anticipates the fund will invest primarily in the junior debt tranches of collateralised loan obligations. Flat Rock is a U.S.-based alternative credit manager with >USD600m invested across…
Apex wins major mandate in South Africa
Eskom Pension and Provident Fund (EPPF) has appointed Apex to provide portfolio management platform and investment fund administration services for a period of five years. EPPF is South Africa’s second-largest retirement fund with over ZAR169bn (USD9.3bn) AuM. Apex will provide front- and middle-office services including portfolio construction and rebalancing; portfolio management; digitised order management; pre-…
Loomis Sayles selects Mercatus
Loomis Sayles, an affiliate of Natixis Investment Managers with USD282bn AuM, has selected Mercatus as its technology partner for private markets investments, starting with its private credit business, launched in 2021. The collaboration with Mercatus, a State Street company, will build on Loomis Sayles’ existing relationships with both State Street and Charles River Development. The…
Aztec supports Highland’s Fund V
C.I.-based Aztec Group has supported growth capital firm Highland Europe on its fifth fund, which closed after raising EUR1bn (USD1.1bn). Aztec has been administering Highland Europe’s funds since 2012 and, in addition to supporting on the close of Fund V, Aztec will continue to provide fund administration services to Highland Europe from its offices in…
Holland College selects Northern Trust
In Canada, Northern Trust has been selected by Holland College to provide asset servicing solutions including custody, investment risk & analytical services and benefit payment services. Holland College provides hands-on, industry-focused training to individuals on Prince Edward Island, Canada.