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.
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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)…
Apollo to distribute through FundsPlace
Euroclear and Apollo are collaborating to expand the distribution of Apollo’s alternative solutions via Euroclear’s FundsPlace, making private markets more accessible to a wider range of investors. FundsPlace offers an end-to-end fund distribution solution, featuring trading and custody capabilities, and settlement through a market-neutral platform.
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).
Ocorian partners with Canoe
Ocorian, the C.I.-based provider of fund administration, capital markets, corporate, fiduciary and regulatory services, is working with Canoe Intelligence, the platform for alts management, to streamline and enhance data management for fund managers. Canoe services more than 400 global clients, including banks, capital allocators, wealth managers, family offices, and asset servicing firms, supporting over USD8trn…
BNY pilots first intraday repo trade
BNY has piloted the first intraday repo trade settled through its triparty infrastructure. The USD-denominated pilot transaction, which took place in February, saw UBS borrowing cash from Swiss Re while delivering collateral via BNY’s global collateral platform.
Ultimus supports New Age Alpha
Ultimus Fund Solutions, an independent provider of full-service, technology-enhanced fund administration, accounting, and investor solutions, has expanded its existing relationship with New Age Alpha. Following New Age Alpha’s acquisition of 21 investment funds with USD2.6bn AuM, Ultimus helped to establish two new trusts, converting the funds to the Ultimus service model, and subsequently merging four…
Apex wins GIFT mandate
Apex has been appointed by Nippon Life India Asset Management – the fourth largest asset management company in India – to provide fund administration services in the GIFT City, India.
BNPP signs with Confluence
Confluence Technologies, a technology solutions provider for regulatory, analytics, and investor communications solutions for the investment management industry, has signed a deal with BNP Paribas’ securities services to deploy its Confluence Unity Financial Reporting to support its private capital client segment.
Apex to buy Flow
Apex has agreed to buy Flow. Founded in 2018, Flow simplifies fund management with its infrastructure software that provides a platform for insights, transparency and dialogue between fund managers and the broader ecosystem of investors, law firms, fund administrators, banks, and accounting firms. The addition of Flow adds 15 employees and AuA of USD17bn. The…