Ballybunion Capital Limited has appointed Orla Philippon as CEO, following approval from the Central Bank of Ireland. She takes over from Ballybunion founder Patrick O’Sullivan, who will continue as non-executive director for the firm and sit on client boards. Philippon joined Ballybunion in 2018 and has been instrumental in driving the integration project following acquisition…
Year: 2022
ID-Pal raises EUR7m
ID-Pal, the Ireland-based identity verification provider, has raised EUR7m (USD7m) through a Series A funding round to fund further expansion into international markets. The round was led by Inspire Investments, the private holding company for the management of Waystone, led by Derek Delaney, CEO of Waystone.
Accelex raises USD5m
Accelex, a UK-based SaaS platform delivering alternative investment data management, has closed a new round of venture financing, raising USD5m. Current investors Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures renewed their commitment to the firm and are joined in this round by new investor MassMutual Ventures. The financing will support Accelex’ expansion plans through…
Waystone launches ETF platform solution
Waystone, the Ireland-based provider of specialist services to the asset management industry, has launched Waystone ETFs, an institutional ETF platform operator. Waystone ETFs will partner with leading financial institutions to build investment products whilst leveraging open architecture solutions. These will include the ability to offer clients institutional platform solutions including white label and standalone operator…
Capital Pilot launches innovative PE fund
Carey Olsen and HIGHVERN have supported Capital Pilot on the launch of Boost Fund I, the UK’s first automated high-volume investment fund for high-growth UK startups. Established as a Jersey private fund, Boost Fund I invests in UK startups and plans to complete 100 equity investments in less than six months. Carey Olsen acted as…
Maryland Care switches to SS&C
Maryland Care, Inc. (MPC), a Maryland managed care organisation (MCO), has contracted with SS&C for investment accounting, reporting and statutory statement preparation services. MPC will be transitioning from its current service provider to Singularity, SS&C’s cloud-based investment accounting platform, which will support the operational, accounting and regulatory reporting needs of its investment portfolios.
AuC falls at J.P. Morgan
J.P. Morgan has reported an 11pct YoY drop in AuC, from USD32.1trn to USD28.6trn. Securities services revenue rose by 6pct compared to 2Q21.
Northern Trust upgrades liquidity management tool for FOS
Northern Trust has launched an enhanced liquidity management data tool on its Front Office Solutions platform. The web-based tool gives asset owners with significant allocations to private market assets better control over their liquidity through unified and customised reporting. The web-based liquidity management module offers users a comprehensive view of their portfolio’s liquidity based on…
Apex acquires Context365
Apex has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with asset managers. Context365 connects LPs and GPs through its SaaS digital networking and research platform, complementing the group’s existing digital marketing platform, Profilir. In addition, Context365 has a well-established summit…
Mesh ID partners with Eleven
Mesh ID, a Netherlands-based fintech servicing the global trust, corporate services, fund administration and fund management ecosystem, has partnered with Eleven, a fintech focused on the alternatives sector. The relationship aims to deliver all onboarding and servicing needs of the private investor industry. The partnership will integrate Mesh ID’s digital KYC/AML processes and shareable investor…