Vistra acquires Phoenix American’s fund admin and TA business
Acquisition will include Phoenix American’s proprietary technology platform, which tracks investors and investment transactions.
Acquisition will include Phoenix American’s proprietary technology platform, which tracks investors and investment transactions.
Citi to provide fund administration and depositary services while Vistra worked on the regulated fund structure setup in Luxembourg.
Vistra will support the venture capital fund across its entire fund structure, the management company, its SPVs and portfolio company investments.
New fund aims to be the world’s largest sharia-compliant tech-focussed private equity fund.
The announcement follows the conclusion of Scheme Implementation Deed with Vistra, which opted not to match SS&C’s offer.
Mainstream had previously entered a deal with Vistra as part of a $170 million deal, however it was granted a month to seek competing offers.
Apex stated the appointment accentuates its global intent, and will help strengthen its client-centric and globally connected technology solution.
The four new appointments will help the fast-growing administrator to expand its North America private equity fund services capabilities.
More diverse data requirements from investors and regulators are weighing on the minds of private equity firms.
Global Custodian takes a deep dive into the nominees for its Editors’ Choice awards at this year’s Industry Leaders Awards event. Our next category is One to Watch in Fund Administration.