PE Tech Report

Fund administration

Apex Group acquires BRL Trust Investimentos

Apex Group (Apex) is to acquire BRL Trust Investimentos (BRL Trust), a Brazil-based independent fund administrator. This acquisition reinforces the Group’s intent for the Latin American market, supplementing its private equity capabilities while adding liquid asset servicing capabilities for Brazil and the broader Latin American market. This deal further complements

Star Mountain Capital selects PEF Services for fund administration

PEF Services LLC (PEF), a specialist fund administrator for alternative investment managers, has been selected to provide fund administration services to Star Mountain Capital, LLC (Star Mountain).   PEF’s deep experience with SBIC fund administration, its services team, leading-edge fund accounting platform, and PEF’s investor portal, ViewPoint, will support Star

Private capital invested in Spain in Q1 2021 reaches EUR1.125bn

According to the first estimates obtained by the Spanish Venture Capital & Private Equity Association (ASCRI), through the European platform EDC, the volume of private capital investment in Spain reached EUR1.125 billion in the first quarter of 2021, 84 per cent more than in the same of period last year,

Gen II Fund Services AUA tops USD450bn

Gen II Fund Services, LLC, an independent private equity fund administrator, has announced that the firm’s assets under administration (AUA) now exceed USD450 billion.

New head of private fund sales appointed at Ultimus

Ultimus Fund Solutions (Ultimus), an independent technology driven provider of full-service fund administration, accounting, and investor solutions, has appointed industry veteran Frank Anduiza as Executive Vice President, Head of Private Fund Sales, for Ultimus LeverPoint, the firm’s private fund administration services group. Read the full story at Hedgeweek…  

Maverix Private Equity chooses SS&C for inaugural fund launch

Maverix Private Equity has appointed SS&C GlobeOp as fund administrator for its inaugural growth equity fund. Maverix will use SS&C GlobeOp’s full suite of private capital fund services to support the Maverix Growth Equity Fund, including its fund accounting, investor services, reporting and data analytics. SS&C’s Toronto team will oversee

Central Bank of Ireland grants Sanne special depositary licence

Sanne, a global provider of alternative asset and corporate administration services has become the first successful applicant to secure a much-anticipated specialised depositary licence from the Central Bank of Ireland. Obtaining this licence further enhances Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.  Read the full

Nordic Capital sells MFEX to Euroclear

Nordic Capital has signed an agreement to sell MFEX, a global independent fund distributor, to Euroclear. During Nordic Capital’s ownership, MFEX has successfully repositioned itself from a Nordic player to a pan-European leader with an emerging global presence.  The new owner Euroclear is a provider of financial market infrastructure services

Independent specialist fund administrator Oakbridge Funds launches

Oakbridge Fund Services (Jersey) Limited (Oakbridge Funds), a specialist independent fund administrator based in Jersey has launched to service the alternative funds sector. Expert in the main alternative asset classes with a focus on Private Equity and Venture Capital, Oakbridge Funds will provide administration services to offshore closed and open-ended

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