RBC I&TS wins custody mandate for real estate-focused asset manager

RBC I&TS has made a number of efforts to boost its alternatives coverage globally through senior appointments.

By Joe Parsons

RBC Investor and Treasury Services (RBC I&TS) has been appointed custodian and fund administrator for Starlight Investment Capital, a newly launched asset management firm.

Starlight Capital focuses on providing solutions around under-represented sectors in Canadian investors’ portfolios through its flagship real estate and infrastructure funds.

It is also a wholly-owned subsidiary of Starlight Investments, a private real estate investment firm with $9 billion of capital.

“We are pleased to partner with RBC Investor & Treasury Services who we believe reflects this type of diligent asset servicing approach. We look forward to working with RBC as we continue to source, structure and execute compelling investment opportunities,” said Graeme Llewellyn, chief financial officer and chief operating officer, Starlight Capital.

RBC I&TS has made a number of efforts to boost its alternatives coverage globally.

Earlier this year, RBC I&TS hired a new global head of private capital services operations, covering its operations teams for private equity, real estate, infrastructure and private debt clients.

It also poached Citco’s former alternatives head for North America as head of client operations in Canada.

“Our new mandate with Starlight Capital demonstrates our ability and industry reputation to effectively partner with clients to deliver strong custodian, fund administration and shareholder services,” said David Linds, Managing Director, Head, Asset Servicing Canada, RBC I&TS.