Private equity fund administrator Saltgate has appointed Alison French as its first-ever Chief People Officer.
Crestbridge, a provider of private equity and real estate administration solutions, has appointed Alex Di Santo as Group Head of Private Equity.
Crestbridge is to acquire New Jersey based Ovation Fund Services, a provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds.
Industry veterans Jorge R de Cardenas, Scott A Merriam and Aaron M Bernstein have launched TrustServe - a new private equity, venture capital and real estate fund administration business based in Miami, Florida.
Vuna Partners, a mid-market private equity firm, has selected Prescient Fund Services (Pty) Ltd (Prescient) as the fund administrator to the Vuna Partners Fund I.
Allvue Systems (Allvue) is to provide private capital fund administrator 4Pines Fund Services (4Pines) with provide fund accounting software solutions for its private equity clients.
The funds industry in Malta has best positioned itself to attract business from fund managers falling out of the scope of the EU Alternative Investment Fund Managers Directive (AIFMD), managing portfolios within the small-to-medium sized space. This is the area of the industry expected to attract the majority of future investments. Managers looking to take advantage of opportunities arising during the global pandemic, also benefited from the quick time to market the jurisdiction offers through certain fund typologies unique to the Maltese domicile.
Centaur Fund Services US: Best Fund Administrator (GP’s with assets <USD30bn) – As fund administration complexity and regulatory burdens grow, technology is playing an increasingly critical role in the fund administration process. General partners (GPs) can reap the benefits of third-party systems without the cost and time associated with implementing and maintaining these systems in-house. This allows investors to have real-time access to reporting through portals where they can view data at any time, across multiple investment structures in multiple jurisdictions with complete transparency.
UMB Fund Services: Best Fund Administrator – Technology – Private equity is well positioned to take advantage of the uncertainty in the marketplace, with technology forming a firm foundation for these efforts. In this context, PE managers are recognising the power their data holds and their need for accuracy and flexibility in this regard continues to grow as their investors become increasingly sophisticated.
Allegro, a Luxembourg based third party management company (ManCo), AIFM and fund administrator, has rebranded as Ocorian Fund Management, following the acquisition of the company by Ocorian group in April.