Fidelity International has launched the U.S. Fundamental UCITS ETF range, including the U.S. Fundamental Small-Mid Cap UCITS ETF, the first semi-transparent ETF in Ireland. BBH has been appointed to support the new funds.
Category: Offshore
H.I.G. appoints SEI
H.I.G. Capital, an alternative investments firm with USD70bn AuM, has selected SEI to provide fund administration and depositary services for certain Luxembourg- and Cayman-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide.
Aztec supports Lakestar’s new fund
Aztec Group, the C.I. based administrator, has supported Lakestar, a European venture capital firm, on the close of Lakestar Continuation Fund I, a USD265m (EUR228m) continuation vehicle. Aztec provides fund administration services to LCF I from its Guernsey office, continuing its long-standing relationship with Lakestar.
Langham Hall supports Zenzic’s new debt fund
Langham Hall, a UK-based provider of fund administration and AIFMD services, has supported the launch of Zenzic Capital’s new evergreen debt fund, the Zenzic Real Estate Credit Opportunities Fund. The fund is targeting commitments of up to USD3bn. Langham Hall is providing fund accounting and administration services to the fund and associated entities from its…
Nangle steps down from State Street
After 22 years at State Street, Gavin Nangle is leaving the firm. Based in Dublin, Nangle was most recently head of EMEA offshore business origination.
Waystone to support Bellevue ETF
Bellevue Asset Management has launched the Bellevue Healthcare ETF, an actively managed UCITS ETF focused on global healthcare equities. Bellevue will use Waystone’s white label ETF platform, which offers end-to-end support for the fund, from set- up to distribution.
Waystone adds to real assets team
Waystone, the European provider of fund administration services, has made two senior hires for its real assets business. Jamie Dean has joined as managing director – business development, UK, and Clive Short joins as managing director – business development, Luxembourg.
Gen II hires for Lux
Gen II Fund Services, an independent provider of private assets fund administration, has appointed Besmira Uruçi as executive director in its Luxembourg office.
Aztec wins private credit mandate
Aztec Group, the C.I.-based provider of fund and corporate services to the alternative investments industry, has been appointed BGO Partners to provide administration services for a number of its private credit fund structures. Under the mandate, Aztec will provide fund and corporate services, including AIFM and depositary, from its Luxembourg and Jersey offices.
Waystone to support new UCITs
Abbey Capital, the Ireland-based alternative investment manager, has launched its first UCITS, the Abbey Capital TrendPlus. The fund is established on Waystone’s MontLake UCITS Platform, with Waystone acting as ManCo.