TMF Group acquires State Street’s Channel Islands fund admin business
The deal will include State Street’s private equity and real estate (PERE) fund servicing units in the Channel Islands.
The deal will include State Street’s private equity and real estate (PERE) fund servicing units in the Channel Islands.
Within an overall negative outlook for Britain's fund management sector post-Brexit, State Street finds some optimism in its latest research.
Emmanuel Tuffuor will help develop both Apex’s private equity administration offering in Northern America and build out its tax service capabilities globally.
The hire marks BNP Paribas’ strategy to grow its fund administration business for hedge funds and private capital funds for the region.
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.