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.
Category: Alts
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…
CACEIS supports new green hydrogen fund
CACEIS has been mandated by Hy24, an investment management firm specialising in green hydrogen infrastructure investment, to provide custody and registrar services for its first fund. In 2021 Ardian, a private equity investor, and FiveT Hydrogen, an investment platform focused on green hydrogen infrastructure projects, formed Hy24. The fund, Clean H2 Infra Fund SLP, will…
NatWest wins UK forestry mandate
NatWest Trustee and Depositary Services has been appointed as depositary for Foresight Sustainable Forestry Company PLC. Foresight Group LLP is a UK-based infrastructure and private equity investment manager. Foresight Sustainable Forestry Company PLC recently raised GBP130m (USD177m) in an IPO that will invest in UK forestry and afforestation assets.
Sanne hires head of ops for South Africa
Sanne, the UK-listed administrator, has appointed Adam Duncan as head of operations in South Africa. Before joining Sanne, he spent three years as the director for data operations of Burgiss’ South African office, where he was responsible for the overall performance and progression of the team in South Africa. He also spent 13 years at…
TMF completes Brazilian deal
TMF Group, the Netherlands-based provider of administration services, has completed the acquisition of Paraty Capital, a Brazilian fund administration platform which focuses on private equity, infrastructure, venture capital and private debt funds. Paraty Capital has been providing independent third-party fund administration services since 2014 and has >BRL15bn AuA (USD2.6bn). TMF Group administers >EUR160bn (USD180bn) of…
SS&C launches 18f-4 service
SS&C has launched an 18f-4 analytics service to help fund managers comply with new derivatives investment reporting rules. SEC Rule 18f-4 comes into effect in August 2022, changing the regulatory framework for derivatives used by registered investment companies. The SS&C Algorithmics 18f-4 Risk Analytics Service is a cloud-based platform enabling users to generate reports for…