U.S. Bank has been appointed by Monroe Capital LLC to provide custody, fund administration and depositary services for its new fund structure, Monroe Capital Private Credit Fund V, including Luxembourg, U.S. and Irish entities. Monroe Capital has a 20-year track record in direct lending/private credit.
Category: Offshore
IQ-EQ promotes for new sales role
IQ-EQ has promoted Mattias De Mol, previously business director for Luxembourg, to a newly created role of regional head of sales operations for Continental Europe.
Ocorian hires CMO
Ocorian, the C.I.-based provider of fund administration, capital markets, corporate and fiduciary services, has appointed Matt Bythell as chief marketing officer. He was previously marketing director at Link Group, which is subject to a bid by MUFG.
SGSS to support Schroders’ ELTIF 2.0
Schroder Investment Management (Europe) S.A. has launched Schroders Capital – Private Equity ELTIF 2023, its first Luxembourg-domiciled ELTIF 2.0 private equity fund distributed in France and internationally. Schroders is one of the first asset managers to market an ELTIF 2.0 to French retail clients. SGSS has been selected by Schroders as centralising agent in France…
IQ-EQ hires industry veteran
IQ-EQ, the Luxembourg-based administrator, has hired industry veteran John Gout as Continental Europe sales director for funds & institutional asset owners. He joins from BNP Paribas where he was a senior business development manager, responsible for sales management, client relationship development and project management. He has also worked at J.P. Morgan, Northern Trust and Citi.…
Crestbridge supports Kreos fund launch
Crestbridge, the UK-based administrator, has supported the launch and final close of Kreos Capital‘s latest flagship venture debt fund. Crestbridge provided a full suite of fund administration, governance and compliance services across its Jersey, UK and Luxembourg teams. With secured commitments of EUR1.25bn (USD1.4bn), Kreos provides debt solutions to high-growth companies primarily in the technology…
Langham Hall appoints three new country heads
Langham Hall, the UK-based administrator, has appointed new country heads for three jurisdictions. Joseph Hindi has been appointed head of U.S. He previously worked as head of client relations at Apex and as a director at Gen II Fund Services. Lauren Slattery is promoted to head of Jersey, having joined in 2023. Chris Marshall will…
Alter Domus works with Temenos
Alter Domus, the Luxembourg-based provider of fund administration, private debt, and corporate services for the alternative investment industry, can now support the launch and ongoing administration of open-ended and closed-ended private market funds, including European Long-term Investment Funds (ELTIFs), with liquidity management services. The new capabilities will be supported in part by a partnership with…
State Street appoints Ireland country head
State Street has appointed Terri Dempsey as country head of Ireland. Dempsey will oversee the delivery of services and strategy for all of State Street’s operations in Ireland and reports to Cuan Coulter, UK country head. Dempsey moves into the role formerly held by Tadhg Young, who recently assumed the position as head of State…
FundBank appoints CEO for Europe
Steve David has been appointed CEO of FundBank (Europe), an independent provider of banking and fund services for the alternatives sector. David spent nearly 20 years with Northern Trust, most recently as CEO of its global services business in Europe. Northern Trust has yet to announce a replacement for David.