Apex has been mandated by New Forests, an existing client, to deliver fund services to its African Forestry Impact Platform. New Forests is an Australia-based investment manager of nature-based real assets and natural capital strategies, with AUD10bn (USD6.7bn) AuM across more than 1.2m hectares (2.9m acres). News Forests’ AFIP will continue to raise long term…
Category: Mandates
Nordnet deploys Citi’s retail lending platform
Nordnet AB, the pan-Nordic digital platform for savings and investments, is the first Swedish client to start lending through Citi’s Securities Lending Access platform. The solution will enable Nordnet to expand its securities lending programme to new markets and new client segments. Citi Securities Lending Access is an end-to-end solution that digitises and automates the…
Northern Trust supports Dutch librarians
Northern Trust has been appointed by Dutch pension scheme, Stichting Pensioenfonds Openbare Bibliotheken (POB), to provide global custody and compliance monitoring services. Established in 1957, POB is a public sector defined benefit pension scheme dedicated to the library sector in the Netherlands, with approximately 25,000 members and EUR2.3bn (USD2.5bn) of assets. Margreet Teunissen, chair of…
Ultimus supports Hamilton with new alts fund
Ultimus Fund Solutions, a U.S.-based independent provider of fund administration, accounting, and investor solutions, has supported Hamilton Capital, a U.S.-based Registered Investment Advisor (RIA) with USD2bn AuM, with the launch of its first tender offer fund. Through its Dynamic Alternatives Fund, Hamilton Capital offers exposure to alternative investments for its accredited clients, without requiring substantial…
Alter Domus wins Norwegian PE mandate
Alter Domus has supported Longship AS, a Norwegian-based private equity investor with a focus on the Norwegian lower-mid market, with the first and final closing of Longship Fund III. This follows the 2022 migration of the fund administration role for Longship Fund I and Longship Fund II to Alter Domus. Longship Fund III has closed…
Apex appointed by Hamilton12
Apex has been appointed by Hamilton12, an Australia-based manager, to support the launch of its new Australian Shares Income Fund. Apex will provide fund administration, transfer agency and custody, with K2 Asset Management Ltd acting as trustee to the fund.
CAF appoints BNPP for sec lending
Corporación Andina de Fomento (CAF), the development bank of Latin America and the Caribbean, has appointed BNP Paribas’s securities services business as agent lender for its USD1.3bn portfolio. In 2020, BNP Paribas supported the issuance of CAF’s Covid-19 recovery bond, and the selection comes as a result of a long-standing relationship between BNP Paribas and…
Equity Trustees wins new RE mandate
Fort Street Real Estate Capital (FSREC), an Australia-based real estate investor, has selected Equity Trustees as the replacement responsible entity (RE) of the FSREC Property Fund, with assets of over AUD700m (USD470m).
Northern Trust wins CUPE mandates
Northern Trust has been selected by South Shore Regional Centre for Education (SSRCE) and Tri-County Regional Centre for Education (TCRCE), to provide custody and benefit payment services for their CUPE (Canadian Union of Public Employees) Staff and Support Staff defined benefit pension plans. SSRCE is the public-school board for Lunenburg County and Queens County in…
Apex appointed to service NewVest’s PE fund
Apex has been appointed as administrator for NewVest’s inaugural Private Equity 50 Index Fund. U.S.-based NewVest is an institutional, tech-enabled platform of index funds designed to provide investors with diversified, passive exposure to private markets in the same way that ETFs and index funds provide passive exposure to public markets. Apex will provide fund administration,…