Operational fund servicing including NAV calculation, reporting, investor services, governance support and oversight across regulated investment structures.
KKR’s acquisition of Gen II Fund Services from Hg and General Atlantic puts a $5.1 billion valuation on a business sitting at the intersection of private capital, fund administration and technology. KKR has agreed to acquire Gen II Fund Services for approximately $5.1 billion, in a deal that highlights the growing strategic importance of the…
Aztec Group has supported Highland Europe on the €1.1 billion close of its latest technology growth fund, highlighting the growing operational requirements surrounding large-scale private-market fundraising. Aztec Group has provided fund administration support to Highland Europe following the €1.1 billion close of its latest technology growth vehicle, as private-market managers continue to build larger and…
State Street has received regulatory approval to provide fund administration services in Saudi Arabia, expanding its local asset servicing capabilities as the Kingdom’s asset management industry continues to grow under Vision 2030 and attract greater institutional capital. State Street has been granted a licence by Saudi Arabia’s Capital Market Authority (CMA) to provide fund administration…
Centralis Group has completed its acquisition of PINE Advisor Solutions, strengthening its US fund services platform with additional compliance, fund governance and distribution capabilities. The deal reflects continued consolidation among specialist fund service providers as private markets managers seek integrated cross-border operating support. Alternative asset servicing provider Centralis Group has completed its acquisition of PINE…
The Depository Trust & Clearing Corporation (DTCC) has completed its first production transactions involving tokenized securities, marking a significant milestone in the evolution of digital market infrastructure and institutional adoption of distributed ledger technology. The modernisation of capital markets infrastructure reached another important milestone this month after the Depository Trust & Clearing Corporation (DTCC) confirmed…
BNY says the operational infrastructure supporting private assets must change as wealth managers increase allocations, highlighting how technology is becoming the key enabler of convergence between public and private markets. The traditional divide between public and private markets is beginning to blur as financial institutions overhaul the technology and operating models needed to support growing…
Growing regulatory complexity, investor reporting demands and operational pressures are prompting more private markets managers to reassess whether fund administration should remain an in-house function, according to new analysis from Waystone. Private equity, private credit and real assets managers are increasingly turning to outsourced fund administration as firms seek to scale operations without adding significant…
TMF Group has been appointed fund administrator for Innovation X Capital Partners III, a private markets fund targeting $1 billion in commitments. The mandate highlights the continued demand for outsourced fund operations as managers scale increasingly complex investment strategies. TMF Group has been selected as fund administrator for Innovation X Capital Partners III, a private…
Asset managers racing to launch ELTIF 2.0 vehicles face increasing operational pressure as banking infrastructure becomes a critical constraint on fund scalability. The rapid expansion of ELTIF 2.0 fund launches across Europe is placing renewed focus on the operational infrastructure required to support next-generation private market vehicles, with banking readiness emerging as a key bottleneck…
Deal signals growing convergence between traditional shareholder servicing and blockchain-based capital markets infrastructure. Bullish has agreed to acquire shareholder services and transfer agency group Equiniti in a $4.2 billion transaction, marking one of the clearest signs yet that traditional securities administration is converging with blockchain-based capital markets infrastructure. The deal will combine Equiniti’s established shareholder…