Category: Alts

IQ-EQ has promoted Joannes van de Kimmenade to managing director, Belgium. He was previously market leader for IQ-EQ Belgium. He will develop the local strategy for both organic and inorganic growth targets, as well as providing leadership oversight and day-to-day management.

Fenergo, the Ireland-based provider of KYC and client lifecycle management (CLM) software solutions for financial institutions, has been appointed by Copper.co, a UK-based provider of custody, trading and settlement services for digital assets, to deploy its SaaS-based CLM and AML solution to onboard increasingly complex client ownership structures. Copper’s clients range from institutional asset managers,…

Altum Group, a C.I.-based provider of fund, corporate, and family office solutions with USD27bn AuA, has reached an agreement with Tenzing to take a minority stake in the business. Altum is the sixth investment within Tenzing’s GBP400m Fund II, which started investing in 2021, and is one of twelve high-growth businesses within the Tenzing portfolio.

Apex has been appointed by Laguna Bay, an agri fund manager, for fund administration services. Laguna Bay is a full-service fund management and direct investment platform specialising in food and agriculture. Apex has been appointed to provide fund administration services to Laguna Bay Fund 2, which is set to raise up to AUD1bn (USD672m) for…

Circle Eleven, the Germany-based private equity boutique, is partnering with AssetMetrix, in which BNP Paribas has a strategic stake, to enhance its investor communications. As part of the collaboration, AssetMetrix has been appointed to implement and maintain a bespoke online investor portal. Circle Eleven was founded as a platform for private equity fund investments in…

SS&C has appointed Bhagesh Malde to lead its newly combined global fund administration and servicing business. The new group will continue to operate as SS&C GlobeOp and brings together SS&C’s hedge fund administration, private markets administration, middle office, and insurance global servicing capabilities. Services also include middle- and back-office outsourcing and loan servicing. Malde will…

Apex plans to acquire Prometa Fund Support Services Inc., a Canada-based provider of fund services. Prometa delivers fund services to clients in Canada, the U.S., and Bermuda, including hedge funds, LSVCCs and mortgage investment corporations. Prometa administers >CAD28bn (USD21.5bn) for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors. The…