HGGC, an investment firm with >USD8bn AuM, is the new majority investor in Centralis Group, a Luxembourg-based alternative asset and corporate services provider. Backed by HGGC’s investment, Centralis plans to accelerate its expansion into new geographies, with the U.S. a key strategic priority,
Category: Alts
L&G transitions to Alter Domus
L&G Asset Management has transitioned c. GBP20bn (c. USD 27bn) AuA to Alter Domus, following its strategic partnership in 2024. Under the agreement, Alter Domus provides outsourced operational services to L&G, including accounting, reporting, and unit pricing for UK-based real estate funds, and has expanded to include additional asset classes and jurisdictions. Thirty-five L&G staff…
Centralis hires from Apex
Centralis has hired Eilin Cabutto as business development director for Centralis USA Inc. She joins from Apex.
Allvue integrates Passthrough solution
Allvue Systems, a fintech provider for private capital markets, has integrated Passthrough’s investor onboarding technology. Passthrough is a solution provider for investor onboarding and financial crime compliance. The integration links Allvue’s fundraising and investor portal solutions with Passthrough within the Allvue platform. This integration is expected to simplify the prospecting, onboarding and management processes for…
Waystone shuffles client solutions management
Waystone, the Ireland-based provider of specialist services to the asset management industry, has made two senior client-facing appointments. Tom Williams has been appointed as U.S. head of client solutions, based in New York, and Daniel Forbes, who previously led the U.S. team, has moved to head up client solutions for EMEA from the firm’s Dublin headquarters.…
Carne hires MD for client solutions
Carne Group, the European third party ManCo and a provider of fund regulation and governance solutions, has appointed Clair Turketo as managing director, client solutions, based in New York. Her career includes senior roles at Cerberus and Blackstone in New York, as well as at KKR, BlackRock, Gartmore, and Morgan Stanley Investment Management in London.…
H.I.G. appoints SEI
H.I.G. Capital, an alternative investments firm with USD70bn AuM, has selected SEI to provide fund administration and depositary services for certain Luxembourg- and Cayman-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide.
BNPP supports innovative Spanish fund
Azvalor, the Spanish asset manager, has launched its first tokenised investment fund, within the regulatory sandbox of the Spanish National Securities Market Commission (CNMV). This project, developed jointly with Allfunds Blockchain and BNP Paribas acting as depositary bank and fund administrator, introduces an alternative distribution model for UCITS funds. The fund, Azvalor Blockchain FI, represents a structural innovation…
SFP selects Broadridge for front-to-back transformation
Swiss Finance & Property Group, a Swiss real estate asset manager with >USD15bn AuM, has appointed Broadridge for a full front-to-back transformation of its investment management technology platform. Broadridge will provide SFP Group with its integrated platform of investment management solutions, including trade order and execution management, portfolio management, pre/post trade compliance, risk management, middle…
Sonata One appoints COO
Sonata One, the private funds clearinghouse, has appointed Colin Clunie as COO, He joins from Clearwater Analytics a U.S.-based data and investment accounting platform for institutional investors, prior to which he held senior leadership and operational roles at Athora and BlackRock.