SGSS has been appointed as depositary for five AIFs managed by SOFIDY for a total of EUR3.7bn AuM. A subsidiary of Tikehau Capital, SOFIDY is an investor in the consumer real estate fund market with EUR7.6bn AuM. In 2021, SOFIDY launched SCP Sofidy Europe Invest, for which SGSS now provides depositary services, as well as…
Category: Mandates
Catalyst wins digital asset fund mandate
The Catalyst Group Limited, a Cayman-based fund administration and financial services provider, has been appointed by dParadigm Capital Limited to provide fund administration services for its institutional grade digital asset fund, dParadigm Fund SPC. The fund is a regulated vehicle for institutional investors to gain exposure to digital assets via a hybrid VC and DeFi…
Equity Trustees appointed as RE for U.S. REIT
Equity Trustees, the Australian administrator, has been appointed as Responsible Entity for the first public market offering from Auctus Investment Group Limited. The US Student Housing REIT (ASX:USQ) will focus on investing in off-campus US student housing adjacent to large top-tier US public universities with the aim of generating long term, reliable returns. It will…
Apex wins Chinese PE mandate
Apex has been appointed by Starlight Capital, a Chinese venture capital firm, for fund administration and corporate services. Starlight Capital was founded in 2021 by Tao Tang who is the co-founder of Eastern Bell Capital. Starlight focuses on B2B enterprise services within the digital economy.
Capital Group selects State Street for new ETF range
Capital Group, the U.S. manager with USD2.7trn AuM, has appointed State Street as custodian, transfer agent and administrator for its first suite of active, transparent ETFs, recently listed on the New York Stock Exchange. The six ETFs include one fixed income core plus income strategy, three equity strategies that invest primarily in the U.S., and…
Elevar appoints SS&C GlobeOp
Elevar Equity, an emerging markets-focused venture capital firm, has appointed SS&C GlobeOp as its fund administrator. The Cayman Island-based venture capital firm has a range of funds domiciled in the Cayman Islands, Canada, Mauritius and India. SS&C’s India-based team will support the business.
NatWest wins new depositary mandate
NatWest Trustee and Depositary Services has been appointed as the depositary for Beechbrook Capital LLP’s latest fund in its UK SME strategy, Beechbrook UK SME Credit III LP. Beechbrook Capital is a specialist direct lender which focuses on investments in small to medium-sized businesses (SMEs) across a range of industries in the UK and Europe.
Waystone supports new energy fund
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…
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…