Infra Impact Investment Managers Proprietary Limited, a South African infrastructure investment firm, has selected Prescient Fund Services Proprietary Limited as the fund administrator for its first infrastructure fund, the Infra Impact Mid-Market Infrastructure Fund 1.
Category: Mandates
Invesco signs for State Street’s Alpha platform
State Street has entered into an agreement with Invesco Ltd., the U.S.-based asset manager with USD1.4trn AuM, which will result in Invesco adopting State Street Alpha, the first front-to-back asset servicing platform from a single provider for institutional and wealth management firms. The migration to Alpha is intended to simplify Invesco’s investment infrastructure to improve…
Schwab appoints BNY Mellon for TA
BNY Mellon has been appointed by Charles Schwab Investment Management, Inc. to provide transfer agency services. Mark Fischer, CFO of Charles Schwab Investment Management, said: “We are eager to work with the BNY Mellon team and have been impressed by its service model, solutions, deep industry experience and the strategic vision they bring to investor…
Maverix hires SS&C GlobeOp as administrator for new PE fund
Maverix Private Equity, a Canadian private equity firm, has appointed SS&C GlobeOp as fund administrator for its inaugural growth equity fund. Maverix will use SS&C GlobeOp’s private capital fund services to support the Maverix Growth Equity Fund, including fund accounting, investor services, reporting and data analytics. SS&C’s Toronto team will oversee services for the fund.
Riyad Capital signs private-label deal with BNP Paribas
Riyad Capital, the investment banking arm of Saudi Arabia’s Riyad Bank, has signed an agreement with BNP Paribas Securities Services to provide global custody, fund services and consolidated data management services in Saudi Arabia under a joint servicing model, thought to be the first of its kind in the Kingdom and the region. Developed over…
Intertrust to service KLAR Partners debut PE fund
Intertrust, the Netherlands-based provider of corporate and administration services, has been appointed as fund administrator and depositary to KLAR Partners, a European private equity firm. Intertrust will provide KLAR Partners with fund administration, depositary and SPV management services across Luxembourg and Sweden. KLAR Partners recently announced the final closing of its debut fund, KLAR Partners…
Laurium launches Irish UCITS fund on Prescient ICAV platform
Laurium Capital (Pty) Ltd, a South Africa hedge fund and long-only fund manager with R26bn (USD1.5bn) AuM, has launched its first Irish-domiciled UCITS fund, the Laurium Africa USD Bond Fund, on the Prescient Global Funds ICAV platform.
State Street to provide MO services to M&G via Aladdin platform
State Street has been appointed by M&G Corporate Services Limited, part of M&G plc, the UK-based asset manager with >GBP367bn (>USD500bn) AuM, to provide outsourced middle office services. The agreement builds on a 10-year strategic partnership with M&G that will see State Street extend its current fund accounting and custody services for the wholesale fund…
BNY Mellon tapped to provide admin services for new bitcoin ETF
BNY Mellon has been named in the initial registration statement as a service provider for the First Trust SkyBridge Bitcoin ETF Trust, a newly created bitcoin ETF that is currently pending approval by the US Securities and Exchange Commission. After completion of definitive service provider agreements and the SEC’s final approval of the ETF, BNY…
HSBC facilitates launch of two new China-Japan ETFs for Daiwa AM
HSBC has facilitated the listing of two new cross-border ETFs under the China-Japan ETF Connectivity scheme. This allows international investors to indirectly invest in Chinese assets through feeder ETFs listed on the Tokyo Stock Exchange. HSBC provided onshore QFII custody services to enable Daiwa Asset Management Co. Ltd to set up two new ETFs under…