The hire marks BNP Paribas’ strategy to grow its fund administration business for hedge funds and private capital funds for the region.
Tag: private equity
The compleition of the takeover provides SS&C one of the most-used communications platforms used by private equity and hedge fund managers.
The combined compan will hold approximately $150 billion of assets under administration and service over 840 funds.
New private equity mandate marks another deal win for PEF Services in a busy year.
New research shows number of institutional investors and assets under administration on the rise in South Korea along with alternative asset allocations.
Northern Trust launched the first commercial blockchain solution for private equity administration in 2017, and earlier this year won US patents for two additional services on the platform.
Private equity managers are increasingly turning to administrators and their ability to introduce new technologies to deal with mounting operational requirements.
Ultimus is now the fifth administrator to join the association, founded by former JP Morgan, Citi and State Street fund services veteran Chris Meader.
Awards evening on 29th November in New York to honour the best in fund administration, prime brokerage, custody and technology innovation.