IQ-EQ, the Luxembourg-based investor services provider, has launched a hybrid funds desk. The new desk will provide the expanding hybrid funds market with a dedicated, globally integrated team with expertise across open-ended and closed-ended fund structures. Hybrid funds – which provide fund managers with the flexibility to invest in a range of asset classes and…
Category: Alts
Colmore hires three seniors
Colmore, a Preqin company that provides services and technology for private market LPs and allocators, has made three senior hires. Dominic Critchley has joined as co-head of fund accounting (EU). He was previously head of investment accounting for the Abu Dhabi Investment Authority. He will work alongside Veronica Harris, who has been promoted to co-head…
Tokeny partners with Inveniam
Tokeny, the Luxembourg-based tokenisation platform that is backed by Euronext., has formed a partnership with Inveniam Capital Partners, Inc., a U.S.-based SaaS company delivering trust, transparency and completeness of data to private market assets. The partnership includes a EUR5m (USD5.7m) investment by Inveniam, Apex, and K20 Fund. The partnership aims to fully unlock asset liquidity…
Framework rebrands as daappa
Framework, the private equity platform provider, has rebranded as daappa (pronounced “dapper”), which stands for data, accounting and administration platform for private assets.
AssetMetrix hires in Lux
AssetMetrix, the Germany-based alternatives specialist in which BNP Paribas has a strategic stake, has hired Margot Ripoll as a business development associate in Luxembourg. She previously worked as a credit analyst at investment bank Bpifrance.
LemonEdge wins new mandate
Kensington Capital Partners, a Canadian manager with CAD2.3bn AuM (USD1.8bn), has hired LemonEdge, a UK-based provider, to provide front-to-back accounting and reporting services. The API and low-code accounting platform will power the firm’s PE, VC, and fund of fund structures, alongside an investor portal.
Ultimus hires for PE sales
Ultimus LeverPoint Private Fund Solutions has hired John Lumley as an SVP responsible for new business across the alternative investment practice, with a focus on private equity administration. He joins from J.P. Morgan.
Swiss market tests CBDC integration
The Bank for International Settlements (BIS), the Swiss National Bank (SNB), and SIX, Switzerland’s main provider of financial infrastructure services, have concluded the second phase of Project Helvetia, which looks toward a future with more tokenised financial assets based on distributed ledger technology coexisting with today’s systems. SNB and five commercial banks – Citi, Credit…
Standish acquires Alpha
Standish Management, a U.S.-based alternatives administrator, has acquired Alpha Alternatives, a small fund administration firm for hedge funds and other investment vehicles. Standish is an independent provider of fund administration services to private equity, venture capital, and real estate managers. Founded in 2007, Standish has >USD250bn AuA, administering over 2,500 entities and reporting to more…
BlockFi hires COO & CTO
BlockFi, a U.S.-based crypto financial services company, has made two senior appointments. Alexander Grigoryan has joined as the chief technology officer and will oversee all global product development and technology strategy. Prior to BlockFi, Grigoryan led product engineering at Skillz, a mobile games platform, and before that held senior engineering and developer roles at Walmart…