Formidium, the U.S.-based administrator (formerly Sudrania), has entered the real estate fund administration space. Leveraging its Seamless Drawdown software application, Formidium has developed Seamless Real Estate, a real estate fund accounting platform. Seamless RE’s capabilities include property-level operational and financial data integration, a general ledger accounting system which includes automated waterfall calculations, customised reporting capabilities,…
Category: Product
MJ Hudson launches digital asset custody benchmarking service
MJ Hudson, the UK-based solutions provider to the asset management industry, has introduced a new custody benchmarking service specifically for clients investing in digital assets. The new service will benchmark the capabilities of major custodians for key themes across digital asset custody provision, including strategy and commitment, digital asset coverage, fraud prevention, private key management,…
Broadridge extends Private Market Hub to N. America
Broadridge Financial Solutions, the NYSE-listed fintech, has released a multi-jurisdictional version of its private equity platform, Private Market Hub, which is now available to funds domiciled in North America. Previously operational for funds domiciled in Guernsey, Private Market Hub has been enhanced to support clients in the U.S. The new capabilities allow all stakeholders in…
Apex partners with Inveniam
Inveniam Capital Partners, a fintech offering greater transparency and access to private market assets, has established a strategic partnership with Apex to offer Valuation as a Service to clients. Through the partnership, Inveniam and Apex will use Inveniam’s patented blockchain technology and the Inveniam.io data operating system to deliver digitally credentialled, higher-functioning private asset data…
Northern Trust reshuffles capital markets team
Northern Trust has made a series of appointments within its global capital markets business and has established a Capital Markets Client Solutions team. Under the global leadership of Guy Gibson, the capital markets business delivers execution, transactional, lending and financing solutions across equities, fixed income and derivatives, transition management, FX and securities finance. Within the…
Fundnode launched in Singapore
Marketnode, the Singapore-based joint venture between Temasek and SGX, has launched Fundnode, an industry-wide investment funds utility using distributed ledger technology. Fundnode will begin by streamlining fund processes, facilitating simplified subscription, redemption, and record-keeping workflows for funds offered to retail investors (Authorised Collective Investment Schemes). Pilot phase participants of Fundnode will include fund distributors, fund…
Titanbay links with Apex for ESG ratings
Titanbay, the Luxembourg-based private markets investment platform, has appointed Apex to provide an ESG rating on all new funds added to the Titanbay platform. Under the agreement, a consolidated ESG report will be made available to investors alongside other fund due diligence materials to provide investors with assurances that selected funds meet the highest sustainability…
U.S. Bank simplifies alts data reporting
U.S. Bank has launched a suite of lifecycle data metrics, with faster reporting of private equity, hedge fund and other alternative fund data. This capability, designed for custody clients, is made possible by new automated data extraction technology. This new process of pulling essential data from private markets is made possible in part by U.S.…
Gen II automates PE sub process
Gen II Fund Services, a U.S.-based independent private capital fund administrator with USD900bn AuA, has launched E-Subdocs, a digital offering that automates the private fund subscription process, significantly improving the investor experience and providing PE managers with real-time information on their fundraising. E-Subdocs, which is powered by Anduin, streamlines fund subscriptions from start to finish.…
SEI appoints 27-year veteran to new role
SEI has appointed Sandy Ewing to lead the company’s family office and regulatory services business lines, A 27-year SEI veteran, Ewing will continue to report to CEO Ryan Hicke. SEI Family Office Services delivers technology and outsourced services, including the Archway Platform, that support the accounting, investment management, and reporting functions of family offices, private…