Aztec Group, the C.I.-based administrator, has supported the mid-market private equity investor, Oakley Capital, on the final close of its fifth fund. Oakley Fund V raised EUR2.85bn (USD3bn), nearly doubling the size of its predecessor. Aztec has also been appointed to provide ongoing administration and accounting services from its Luxembourg office.
Category: Mandates
Leadenhall appoints Waystone
Waystone, the Ireland-based administrator, has been selected as the debt fund investment administrator for Leadenhall Capital Partners’ life and alternative credit strategies. Leadenhall was launched in 2008 and currently manages c. USD5.5bn across a range of strategies including life and non-life insurance linked securities, as well as alternative private credit. Waystone will be providing investment…
CACEIS wins Ireland ETF mandate
CACEIS has been appointed by Investlinx Investment Management to provide depositary, custody, fund administration and execution services for Investlinx ICAV, a recently launched Irish UCITS ETF. The Investlinx ICAV will also deploy CACEIS’ ETF solutions and tools, including TEEPI ETF, a dedicated AP order portal.
Ultimus supports funds transition
Ultimus Fund Solutions has supported the transition of the James Advantage Funds’ fund administration functions from another provider. James Investment Research, the adviser to the James Advantage Funds, selected Ultimus as the fund administrator for its four mutual funds. Ultimus is now providing services encompassing financial administration, legal administration, fund accounting, transfer agent, and distribution.
BNPP wins EUR1.3bn Dutch mandate
BNP Paribas’s securities services business has been mandated by Coöperatie Univé U.A., based in the Netherlands, to provide investment and financial administration, regulatory reporting and global custody services for its EUR1.3bn (USD1.4bn) of global assets. Univé is a cooperative insurance company offering auto, home and health insurances to its 1.6 million members.
DZ Bank selects Metaco
Metaco, the Switzerland-based digital assets platform provider, has signed a deal with DZ BANK AG, the central institution of the Volksbanken Raiffeisenbanken cooperative financial network, one of the largest banking groups in Germany. DZ BANK has AuC of EUR297bn (USD315bn). Metaco’s custody and orchestration platform, Harmonize, was selected by DZ BANK after an extensive proof-of-concept…
Yarra appoints Apex
Apex has been appointed by Yarra Capital Management to support the Yarra Private Capital Discovery Fund. Yarra Capital Management is one of Australia’s largest independently owned, active fund managers, with c. AUD19bn (USD13bn) AuM. Apex has been appointed to provide fund administration, transfer agency and custody services for the closed-ended vehicle.
FXall signs with Saphyre
The London Stock Exchange Group’s FXall business has struck a deal with Saphyre to digitise account onboarding for FXall clients through Saphyre’s AI technology, which allows liquidity providers to systematically approve accounts. The Saphyre technology is validated and live for a subset of clients of FXall, with plans for rollout to all FXall clients in…
Century implements loan servicing platform
Century Health & Housing Capital, LLC, a US-based provider of government-insured Federal Housing Administration (FHA) mortgage financing, has implemented SS&C Precision LM, SS&C’s loan servicing platform. SS&C Precision LM automates many loan servicing functions, including new loan onboarding, running amortisation schedules, setting up escrow and reserve accounts, escrow analysis, and generating monthly invoices. Century will…
UI supports Pella fund launch in Europe
Universal Investment, the Germany-based administrator that claims to have EUR950bn AuA (USD1trn), has supported the launch of the Pella Global Securities Sustainable Fund in Europe as part of the UI I umbrella fund. Pella Funds Management is an Australian asset manager. In addition of acting as fund service platform, Universal Investment will provide Pella with…