Langham Hall has supported Terminus Capital Partners on the close of its debut private equity fund, Terminus Capital Partners I, which closed at its hard cap of USD250m. Langham Hall provided comprehensive fund administration and structuring support.
Category: Mandates
NT wins another Dutch mandate
Northern Trust has been appointed by BPF Beton, a Dutch pension fund, to provide global custody, regulatory reporting, valuation and accounting, and performance analytics. BPF Beton is the industry pension fund for people working in the concrete products industry in the Netherlands with c. EUR1.2bn (c. USD1.2bn) in AuM.
First Manhattan expands with Ultimus
Ultimus has expanded its relationship with First Manhattan, a privately held investment advisory firm with >USD34bn AuM. Ultimus now supports First Manhattan’s private fund structures and ETFs, following the manager’s transition of five private fund structures from a previous service provider.
BBH wins SRI fund mandate
BBH has been selected by New Alternatives Fund to provide custody services. The U.S.-based manager is a socially responsible mutual fund focused on renewable energy and the environment.
HSBC wins Sukuk ETF mandate
HSBC has been appointed to provide trustee, global custody and fund administration services for Premia BOCHK Saudi Arabia Government Sukuk ETF in both Hong Kong and Saudi Arabia.
BNPP wins EUR5.4bn Dutch mandate
BNP Paribas has been appointed by Stichting Oak Pensioenfonds as its global custodian and administrator for its total invested assets of EUR5.4bn (USD6.1bn). The services include custody, investment administration, investment compliance, performance measurement and regulatory reporting.
ProShares appoints Ultimus
Ultimus an independent provider of fund administration, accounting, and investor solutions, has been appointed by ProShares, a provider of ETFs and mutual funds, as fund administrator for 116 mutual funds offered by its affiliate, ProFunds. ProShares and its affiliates manage over USD80bn. Ultimus will provide fund accounting, financial reporting, tax and compliance services. The Ultimus…
U.S. Bank selects Fenergo
U.S. Bank Global Fund Services has engaged Fenergo, the provider of client lifecycle management technology, to digitise and streamline the investor onboarding and service experience. This is the first step in a multi-year transformation for the fund servicing business.
HSBC to provide MO services to Eastspring
Eastspring Investments, the Asia-based manager owned by the UK’s Prudential, has appointed HSBC to provide middle office outsourced services and support its growth ambitions across multiple Asian markets, including Singapore and Malaysia. HSBC’s MO services will be integrated into BlackRock’s Aladdin platform, which Eastspring has been using since 2019. HSBC’s securities services relationship with Eastspring…
Langham Hall supports new PX3 fund
Langham Hall and Carey Olsen have advised PX3 Partners, the London-headquartered private equity firm, on the final close of its inaugural fund, PX3 Partners Fund I, at its EUR500m hard cap. The close brings PX3’s total assets under management to EUR1.1bn.