CACEIS wins asset servicing mandate from European venture capital fund  

The mandate will cover C4 Ventures’ new fund, C4 Ventures II, which is expected to reach €80 million in assets under management by the end of the year.

By Joe Parsons

CACEIS has been selected to provide asset servicing, including custody, middle-office and fund administration services, to European venture capital firm C4 Ventures.    

The mandate will cover C4 Ventures’ new fund, C4 Ventures II, which will invest in smart hardware, future of commerce, and digital media firms.  

With an initial closing of more than €40 million taking place during the lockdown, the fund is forecast to reach €80 million by the end of the year. 

According to Hazel Naik, chief financial officer of C4 Ventures, the firm selected CACEIS as their asset servicer due to its position as a key player in the European market and its fully integrated front-to-back servicing offer.  

“We will be able to rely on CACEIS’ expertise at local and international level, especially in terms of regulatory developments, which is a real bonus for our rapidly growing company.  

CACEIS launched its front-to-back offering earlier this year following a collaboration with French asset manager Amundi, where it would combine its middle- and back-office services with Amundi’s ALTO portfolio management system.  

“The support needs of clients are central to our work, and the success of our integrated front-to-back servicing offer is clearly reflected in the positive client feedback we receive,” added Arnaud Garel-Galais, group head of private equity, real estate and securitisation coverage and business development at CACEIS.