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5th Century Partners appoints Northern Trust to support ‘Purpose-Driven’ investment strategy

Northern Trust has partnered with 5th Century Partners (5CP), a purpose-driven private investment firm based in Chicago, to provide fund administration and related services.

The relationship includes banking, investor services and support for the launch of 5CP’s oversubscribed debut fund, which closed to investors earlier this year with $144 million in capital commitments.

5CP invests in growing middle-market companies with a focused approach that taps into diversity as a tool to drive strong financial outcomes that can create transformative wealth opportunities for diverse communities and stakeholders. The firm’s investment strategy was designed to embrace an increasingly diverse world and create a platform that allows current and future business leaders to thrive.

Northern Trust Asset Servicing provides fund administration, fund accounting and investor services to 5CP through its Private Capital Administration unit, while Northern Trust Wealth Management provides comprehensive Banking services. In addition, 50 South Capital Advisors, LLC, a unit of Northern Trust Asset Management, served as an advisor to select investors seeking access to the fund.

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