Waystone, the provider of global governance and third-party ManCo services, has supported the launch of the Kayne Anderson Renewable Infrastructure Fund on the MontLake UCITS Platform ICAV. The fund, managed by Kayne Anderson Capital Advisors L.P., follows a long-only strategy, investing in listed renewable infrastructure companies that are involved in business activities related to renewable…
Category: Mandates
Northern Trust supports 5CP’s USD144m fund launch
Northern Trust has been appointed by 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with USD144m in capital commitments. Northern Trust…
Homestead appoints Ultimus for TA
Homestead Funds has appointed Ultimus Fund Solutions as its transfer agent. RE Advisers, the USD8.4bn AuM investment adviser of Homestead Funds, transitioned its fund family of ten mutual funds from the previous provider to Ultimus. Homestead Funds represents over 42,000 shareholder accounts. Homestead Funds is a mutual fund manager with roots in rural America, formed…
Itau Unibanco appoints BP2S in Colombia
Itau Unibanco S.A., Latin America’s largest bank, has appointed BNP Paribas Securities Services to provide local custody and settlement services for its assets in the Colombian market.
AXA IM expands SimCorp relationship
AXA Investment Managers has expanded its relationship with SimCorp, the Denmark-based provider of SaaS investment management solutions, to include SimCorp’s recently launched investment accounting services. The services include an investment accounting advisory overlay with access to a team of local accounting experts. It enables clients to access reports via an intuitive cloud-based self-service portal, consolidating…
Adit hires Apex for new ILP
Apex has been appointed to provide fund administration services to Adit Ventures’ new Irish-domiciled Investment Limited Partnership fund. Services include fund accounting, investor services and audit assistance. Adit recently appointed two JTC-owned firms to provide AIFM and depositary services to the fund.
New ILP appoints JTC for AIFM and depositary services
Ballybunion Capital Limited and INDOS Financial (Ireland) Depositary Limited, two firms acquired by JTC in 2021, have been appointed to provide AIFM and depositary services respectively to Adit Global Growth, ILP. The fund, which will be distributed across a number of European countries and the UK, is expected to raise up to USD50m.
Ocorian supports SilkRoad with new RE fund
Ocorian, the C.I.-based administrator, has supported SilkRoad Property Partners, a private equity real estate firm, with the first close of its Core-plus real estate fund at USD144m.
Apex to administer new crypto fund
Apex has been appointed to provide fund administration and transfer agency services for the NEOR Crypto Volatility Fund. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is…
BP2S wins India mandate for AIMCo
BNP Paribas Securities Services has been appointed by Canada’s Alberta Investment Management Corporation to provide custody, clearing and settlement services for its recent investment into India. AIMCo is among a number of international investors to commit to India’s first renewable energy infrastructure investment trust, Virescent Renewable Energy Trust. AIMCo is one of Canada’s largest institutional…