Fri, Sep 17, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Saemor Capital and Pelargos Capital tap BNY Mellon for fund administration

Monday, June 29, 2015
Opalesque Industry Update - BNY Mellon, a global leader in investment management and investment services, has been appointed by alternative fund managers Saemor Capital B.V. and Pelargos Capital B.V. to provide AIFMD depositary, fund administration, and middle office and investor services for assets valued at EUR800 million.

BNY Mellon will support three existing Dutch funds in addition to the future launch of new investment products, such as Cayman or UCITS funds, on behalf of the two managers, which share an operational platform.

Patrick van de Laar, chief operating officer for both firms, said: “BNY Mellon came out first in our due diligence process in which we looked for a global service provider that could support the needs of our long short products which are invested in a variety of markets and which use a range of prime brokers. Based on our strong investment results, we expect substantial growth of our operations, and are looking forward to make that happen in cooperation with BNY Mellon as our service provider.”

Leonique van Houwelingen, country executive for the Netherlands at BNY Mellon, said: “We have worked closely with Saemor Capital and Pelargos Capital on the development of a robust operating model that encompasses transfer & registrar services, middle office outsourcing, fund accounting and Dutch depositary services. Our local market expertise combined with our ability to draw upon our various operational centres of excellence around Europe offer very real benefits when it comes to supporting our clients both in the Netherlands and more widely across the region.”

Press Release

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover