Fund administration provider Phoenix American has announced a new client partnership with private equity real estate investment fund sponsor, Capital Square.
Bow River Capital Selects UMB Fund Services as administrator of firm’s first registered closed end interval fund
UMB Fund Services (UMBFS), a subsidiary of UMB Financial Corporation (UMBF), has been retained to provide fund administration services for Bow River Capital’s Evergreen Fund.
PEF Services (PEF), a fund administrator for alternative investment managers, has been selected to provide fund administration services to Blue Flag Partners (Blue Flag).
Reitway Global (Pty) Ltd (Reitway Global), a specialist global listed real estate investment manager and adviser has selected Prescient Fund Services (Ireland) Limited as the fund administrator to its Maltese fund range consisting of the Reitway Global Property Fund (MLT) SICAV, and the Reitway Enhanced Global Property Fund (MLT) SICAV.
Apex Group (Apex) has been appointed to provide full fund administration services, corporate and depositary solutions to Valpre Capital UK Limited (Valpre Capital), a London-based investment firm focused on sourcing, structuring and seeding real estate and private equity investments.
The funds industry in Malta has best positioned itself to attract business from fund managers falling out of the scope of the EU Alternative Investment Fund Managers Directive (AIFMD), managing portfolios within the small-to-medium sized space. This is the area of the industry expected to attract the majority of future investments. Managers looking to take advantage of opportunities arising during the global pandemic, also benefited from the quick time to market the jurisdiction offers through certain fund typologies unique to the Maltese domicile.
Luxembourg remains a key hub of fund distribution. However, the complexity of the European regulation has seen a rise in managers setting up more parallel funds in other jurisdictions. This is done to accommodate non-EU investors, who may struggle with the demands of the EU fund regulations.
As managers continue to look for opportunity beyond their domestic borders, their need for service providers who provide a consistent experience across jurisdictions becomes more pronounced. Further, having that experience tailored to their unique needs is held in even higher esteem.
BNY Mellon has been appointed by Deka Immobilien to provide global fund administration coordination and oversight for its Special Purpose Vehicles.
Luxembourg-based REINO RF CEE Real Estate Fund, formed as part of a strategic collaboration between REINO Capital and Australian firm RF CorVal, has selected EFA as the central administration for their new Luxembourg RAIF structure.