Ocorian, the C.I.-based administrator, has been chosen as fund administrator for what is thought to be the first fund established in the Ivory Coast – ACMC. The fund is dedicated to the tourism and real estate sector in West Africa and is looking to capitalise on strong demand for tourism-related real estate and high-level residential…
Category: Alts
Burgiss and Caissa to merge
The Burgiss Group, LLC and Caissa, LLC have entered into a definitive agreement to merge. On a combined basis, the firm will be one of the world’s leaders in private capital and total investment plan solutions. The combined firm will be headquartered in Hoboken, New Jersey and have over 450 employees worldwide. Burgiss is a…
Ocorian hires new head of global funds
Ocorian, the C.I.-based administrator, has hired Garrett Breen as head of global funds. Based in Dublin, he reports to Mike Hughes, Ocorian’s global head of service lines and business development. He joins from J. P. Morgan, where he led the hedge fund services business.
Apex to administer US Gold Opportunity Fund
Apex has been appointed to provide fund administration and accounting services to the US Gold Opportunity Fund LP, a qualified opportunity fund that offers investors “a simple, tax efficient, cost effective, liquid approach to investing in gold bullion”. USGO is structured as a qualified opportunity fund to provide its investors with the potential tax benefits…
Mainstream selects Harmonate for PC data management
Mainstream Fund Services, the Australian administrator that is in the process of being acquired by Apex, has selected Harmonate to provide private capital data operations. Texas-based Harmonate will support the automation of document and data processing and intelligence.
Apex to service Masdar Green REIT
Apex has been appointed as fund administrator of the Masdar Green REIT, the first REIT in the Middle East region to invest solely in sustainable real estate assets. The fund is managed by Masdar Capital Management Limited, a manager incorporated in the Abu Dhabi Global Market. The REIT’s portfolio is currently comprised of four commercial…
FundRock launches ADGM ManCo
FundRock, an Apex subsidiary that provides third-party UCITS ManCo and AIFM services, has launched FundRock (ME) Ltd. in the Abu Dhabi Global Market, following full regulatory approval by the ADGM Financial Services Regulatory Authority. FundRock ME will offer a ManCo for Qualified Investor Funds and Exempt Funds in the ADGM.
Suntera to acquire NeoTrust in Lux
Suntera Global, the Isle of Man-based administrator, has made its second Luxembourg acquisition of the year. Following the acquisition of Reference Financial Services SA (Luxembourg), Suntera has now signed an agreement to acquire NeoTrust Fiduciary Luxembourg SARL, a fund and corporate services firm. With a team of 14 in Luxembourg, NeoTrust provides services to private…
SGSS to act as depositary for new fund from SWEN
SWEN Capital Partners, a France-based provider of unlisted sustainable investment solutions, has launched its second European impact fund, Blue Ocean. The fund aims to raise EUR120m (USD143m). SGSS has been appointed as the fund’s depositary.
Sanne appoints new head of Singapore
Sanne, the UK-listed provider of fund and corporate services that is currently the subject of a takeover bid by Apex, has appointed Tervinder Chal as country head of Singapore. He replaces David Fowler, who recently relocated to Sanne’s London office to become global head of private equity. Chal was previously head of APAC fund operations…