Swiss private equity company Constellation has mandated Ipes as the administrator for its Constellation III German Asset Light Fund.
The fund, which will focus on investing in growth companies in the service sector in German speaking Europe, reached its successful final closing in early December 2011. Constellation mandated Ipes following a competitive tendering process involving four administrators.
Ipes Luxembourg will provide services including domiciliation, central administration and registrar and transfer agency services.
Marinus Schmitt, associate director at Constellation said: Looking ahead we wanted to partner with a firm with the skills and flexibility to adapt to our changing requirements. An established presence in Luxembourg with a specialist background in private equity was also important to us. Ipes ticked all these boxes and also came highly recommended by one of our Partners who had worked with them previously. Whats more they ensured that our account team included German language skills, which were of particular importance to us given our investment focus and investor base.
(JDC)