Northern Trust appointed by $150bn Partners Group to support launch of first private credit LTAF
Mandate covers fund administration, depositary and banking services for Partners Group’s debut UK long-term asset fund.
Mandate covers fund administration, depositary and banking services for Partners Group’s debut UK long-term asset fund.
The deal will see Stone Point take joint control of the company with GTCR, with equal governance.
Former Citco, Citi and BNY executive will head up newly merged global fund services and corporate trust teams.
The service provider has launched a new entity in Riyadh, Saudi Arabia, to deepen regulatory engagement and expand regional relationships.
HSBC will provide custody, depositary, fund administration and transfer agency services for the ESG-focused funds.
The firm's securities services division will provide the health firm with custody, fund admin, performance reporting, cash management and foreign exchange solutions.
The fund exceeded its initial fundraising target, securing commitments of approximately €1 billion.
Regional hub will bolster the firm’s presence in the fast-growing market, offering local market participants a range of fund services.
This week’s fund services round-up features IQ-EQ, TMF Group, Gen II Fund Services, IQ-EQ, Ocorian, Highvern, Altum, and Ul efa.
A new report from Accelex and FactSet finds that the growth of private markets is exposing data challenges for fund administrators, with AI emerging as the key solution.