Fund administrator steps into custody, middle-office and corporate services, along with management company services through flurry of new acquisitions.
Tag: private equity
Northern Trust launched its blockchain solution for private equity fund administration in 2017 and was awarded four US patents for digitising private equity.
The Channel Islands has become a key focus for Northern Trust’s private equity fund administration business.
The deal adds a further $40 billion in assets under administration (AuA) to Apex’s portfolio, taking it to a total AuA to $650 billion globally.
Citco has provided asset servicing and fund administration services to EQT since 2014 for its private equity, infrastructure and real estate funds.
The AIS division has fast emerged as a key strategy area for the bank’s fund administration business as it looks to target alternative investment managers.
Evans will focus on growing Northern Trust’s global capabilities for real estate, private debt, infrastructure and both traditional and hybrid private equity funds.
Fund administrator hits new highs with $1 trillion in AuA through growth in private capital and the APAC region.
MUFG has looked to increase its presence in the illiquid alternatives fund services space, after it hired two senior private equity fund services executives last year.
The deal will include State Street’s private equity and real estate (PERE) fund servicing units in the Channel Islands.