Suntera Global, the C.I.- headquartered provider of fund, corporate and private wealth services, has entered into an agreement with Valeas Capital Partners, an equity investment firm, to acquire a majority stake in Suntera. Under the terms of the agreement, Valeas is committing significant new equity capital to support the expansion of Suntera’s capabilities and global…
Category: Offshore
Waystone to acquire BIL’s ManCo
Waystone, a European provider of specialist services to the asset management industry, is set to acquire BIL Manage Invest, a ManCo, from Banque Internationale à Luxembourg (BIL) Group, subject to regulatory approval. Waystone’s acquisition of BIL Manage Invest will increase its AuM in Luxembourg by c. 15pct. The acquisition will also support Waystone’s long-term strategic…
Carne hires BD MD
Carne Group, the European third-party ManCo and provider of fund regulation and governance solutions, has appointed Lizzy Buss as managing director, business development. She will be based in London, reporting to Mark Stockley, chief business development officer She will be responsible for engaging with institutional investors, including existing and potential clients, as part of Carne’s…
Ogier adds INEDs to Irish operation
Ogier Global has added Fiona Coughlan and Ronnie Griffin as independent non-executive directors for its Irish fund administration entity. These appointments come after Ogier secured a fund administration licence from the Central Bank of Ireland.
Alter Domus adds to client partnership team
Alter Domus, the Luxembourg-based provider of fund services for the private equity, real assets and private debt sectors, has expanded its key client partnerships team, appointing Kenny King as head of key client partnerships, North America, and Jane Karczewski as head of key client partnerships, EMEA. King joins from BNY, where he was global head…
Vesper selects CACEIS
Vesper Infrastructure Partners, an infrastructure investor, has appointed CACEIS to provide depositary services for its maiden fund, Vesper Next Generation Infrastructure Fund I SCSp. Vesper is still fundraising, with assets of around EUR600m (USD682m), a target fund size of EUR800m and hard cap of EUR1bn.
IQ-EQ to acquire down under
IQ-EQ, the Luxembourg-based administrator, has signed an agreement to acquire the AMAL Group, a provider of corporate trust, agency services and loan Servicing solutions, with operations in Australia and New Zealand. The transaction is subject to regulatory approval from the Foreign Investment Review Board (FIRB) in Australia. AMAL Group has in excess of AUD37bn (USD24bn)…
JTC supports VC fund launch
JTC has provided ongoing support as fund administrator, depositary and hosted AIFM partner to Osney Capital, a specialist early-stage investor focused on the cybersecurity sector. JTC is supporting Osney’s debut venture capital fund, which is oversubscribed from its original target of GBP50m (USD64m).
IQ-EQ supports Queen’s Park Equity
IQ-EQ has assisted Queen’s Park Equity on the launch of Queen’s Park Equity Partners II, which closed oversubscribed at GBP305m (USD389m).
Vistra rebrands
Using the acquisition of Phoenix American’s fund administration and transfer agency businesses in 2024 as the catalyst, Vistra plans to transform its fund offering into a high-touch global service model: Vistra Fund Solutions. Led by Abdel Hmitti, Vistra Fund Solutions provides a vertically integrated proposition that offers products and services to support fund structures, SPVs,…