RBC Investor & Treasury Services has been appointed by the City of Richmond Hill to provide custody and reporting services for the city’s consolidated assets. Bernard Yu, financial management advisor at Richmond Hill, said: “We have chosen RBC I&TS because of its solid track record in servicing other municipalities and adaptability to the evolving technological…
Category: Mandates
Crestbridge supports new VC fund
Crestbridge, the C.I.-based alternative fund services provider, has supported the close of Hiro Capital’s latest fund, a tech-focused venture capital firm. Crestbridge in Luxembourg was appointed as the EuVECA Manager whilst the firm also provided a range of fund administration, accounting and reporting services to support the launch of the EUR300m (USD300m) Hiro Capital II…
ISPT selects SS&C Sylvan for PM
ISPT, one of the largest property fund managers in Australia, has selected SS&C Sylvan for performance measurement, which will replace its internally built platform. ISPT has >AUD22bn (USD14.8bn) AuM. SS&C Sylvan will automate financial data ingestion, calculate both time-weighted (income, capital and total return) and money-weighted returns, and provide enhanced analytics on their property portfolios.
Universal Investment supports MAM loan fund
Mandatum Asset Management and fund services platform Universal Investment have launched a new open-ended senior secured loan fund for professional investors in Europe. MAM, the asset management arm of Sampo Group, will manage the sub-fund that will invest in the European and Nordic leveraged buyout financing market. Mandatum Global Investment Fund SCSp SICAV-RAIF – UI-Mandatum…
EFA wins French mandate
EFA, the Luxembourg-based administrator that is being acquired by Universal Investment, has been appointed by Beauvau Capital for administration and accounting for its OPPCI JEC One fund. The investment policy of the JEC One Fund is to invest mainly in commercial assets in France.
Aztec supports Romanian fund
Aztec, the C.I.-based investor services provider, has supported Catalyst Romania on its fund-raising for Fund II, supported by 3TS Capital Partners and established with the lead investor, European Investment Fund. The fund reached its hard cap and will provide investments of EUR 1-3m to high-potential technology SMEs from Romania and South-Eastern Europe.
Great Lakes wins new PE client
Great Lakes Fund Solutions, Inc., a U.S.-based administrator and transfer agent for retail alternative investment fund sponsors, has been appointed by Houston-based Donovan Ventures to provide an outsourced investor services back office to each fund program. Donovan provides up to USD20m in growth capital to lower middle-market energy companies through dedicated private equity investment funds.
Titanbay links with Apex for ESG ratings
Titanbay, the Luxembourg-based private markets investment platform, has appointed Apex to provide an ESG rating on all new funds added to the Titanbay platform. Under the agreement, a consolidated ESG report will be made available to investors alongside other fund due diligence materials to provide investors with assurances that selected funds meet the highest sustainability…
Equity Trustees to be RE for new TCP fund
Tanarra Credit Partners, a private credit investment firm based in Australia, has selected Equity Trustees to be the responsible entity of its new fund, the TCP Private Debt Income Fund. TCP has >AUD750m (USD517m) AuM and is a part of Tanarra Group, a specialist alternative investment group with AUD3bn (USD2.1bn) AuM.
Davy selects Torstone platform
Davy Capital Markets, a member of the Bank of Ireland Group, has agreed to deploy the post-trade platform from Torstone Technology, a UK-based SaaS platform provider for post-trade securities and derivatives processing. The Davy Group has over 800 people managing >EUR16bn (USD16bn) of client assets, with offices in Dublin, London and throughout the island of…