Private equity fund administrators witness the fastest growth in 2017
Private equity assets under administration increased 18% to $2.5 trillion over 2017, more than hedge fund, fund of funds and real estate assets.
Private equity assets under administration increased 18% to $2.5 trillion over 2017, more than hedge fund, fund of funds and real estate assets.
Northern Trust has become the custodian-of-choice for UK local government pension funds, having won eight other LGPS mandates.
CACEIS adds Crédit Agricole investment banking head in private equity division.
The launch comes one year after Northern Trust partnered with IBM in first commercial deployment of blockchain for the private equity market.
The appointment comes off the back of a need for more client management roles in private equity administration, as outsourcing continues to increase.
New private equity mandates in the US, Europe and Asia-Pacific helped offset negative flows in global macro and multi-strategy fund managers.
More private equity mangers are looking to outsource their middle- and back-office operations, after seeing an influx of institutional money into private equity assets.