BNY Mellon in Ireland has been appointed as custodian and administrator for Grayscale’s first European ETF, launched through the HANetf platform, for which BNY Mellon provides custody and administration. The Grayscale Future of Finance UCITS ETF (GFOF) will list on the London Stock Exchange, Deutsche Börse and Borsa Italiana and will be available to investors…
Category: Mandates
State Street to administer crypto ETF in Australia
K2 Asset Management has appointed State Street Australia Limited as the fund administrator and custodian in Australia for the Cosmos Purpose Bitcoin Access ETF (Cboe: CBTC), Australia’s first cryptocurrency ETF ultimately backed by physically settled Bitcoin. CBTC’s underlying asset is the Purpose Bitcoin ETF which is managed by Purpose Investments and quoted on the Toronto…
CIBC Mellon wins 10-year mandate from CAAT
CIBC Mellon has been awarded a 10-year mandate to provide asset servicing and digital solutions to Colleges of Applied Arts and Technology Pension Plan (CAAT) and its DBplus offering. CIBC Mellon and its partners, CIBC and BNY Mellon, will provide investment and pension servicing solutions to CAAT, including custody, accounting, securities lending, foreign exchange processing…
Aztec supports new Advent tech fund
Aztec, the C.I.-based administrator, has supported longstanding client, Advent International, with the fundraising activities and final close of its second dedicated technology fund, Advent Global Technology II. The fund exceeded its USD3bn target by 33pct. Advent Tech II is double the size of its predecessor, Advent Tech. Aztec assisted with investor onboarding and will continue…
Aizawa AM extends relationship with Apex
Apex Group has extended its longstanding relationship with Aizawa Asset Management (AAM) to provide services to its new Cayman fund, Ariake Secondary Fund III LP. Apex will provide fund administration and regulatory services to ASF-III, having serviced AAM’s Ariake Secondary Fund I LP and Ariake Secondary Fund II LP since 2015. AAM, a Japanese alternative…
BNPP’s Manaos platform adds new client
Fondo di Previdenza Mario Negri, the Italian pension fund, has selected BNP Paribas Securities Services’ Manaos platform for its ESG data and analytics needs. Fondo di Previdenza Mario Negri is the pension fund for managers of commercial shipping and transport companies in Italy, with EUR3.9bn (USD4.1bn) AuM. The fund will be using the Manaos platform…
Bain Capital Crypto partners with Sudrania
Bain Capital Crypto has adopted Sudrania’s vertically integrated back-office platform, powered by its Seamless Crypto software. With over 140 API connections across the digital assets ecosystem, Sudrania claims that Seamless Crypto is one of the world’s most advanced general ledger accounting systems, offering automated waterfall calculations, P&L allocations, automated fees/expense accruals, timely NAV calculation, enhanced…
Cauris appoints SS&C for new debt fund
Cauris, a debt investment manager, has appointed SS&C Precision LM to provide administration services for its new private debt fund. Cauris leverages DeFi and blockchain to provide access to institutional-grade investment opportunities in companies expanding access to financial inclusion. SS&C’ Precision LM will support the administration of debt financing in the Global South. Cauris provides…
Sherpa AM appoints EFA to administer PE fund
EFA, the Luxembourg-based administrator that is in the process of being acquired by Universal Investment, has been named as central administrator to the Diversified Opportunities Fund, a private equity fund managed by Swiss-based Sherpa Asset Management. EFA will provide fund accounting as well as registrar & transfer agency services.
Partners Group selects Equity Trustees for new debt fund
Partners Group, a Switzerland-based private markets firm with USD127bn AuM, has selected Equity Trustees to be the responsible entity (trustee) of its latest fund launch – a new private debt fund in Australia. Partners Group started working with Equity Trustees in 2011.