Northern Trust in Guernsey to administer new property funds
Northern Trust in Guernsey has been appointed to provide fund administration services to three niche real estate funds.
All three funds are domiciled in Guernsey and managed by specialist boutique investment manager Apache Capital Partners LLP.
Headquartered in London and with an office in Bahrain, Apache Capital Partners focuses on the management of property related investments. It was established in March 2008 to take advantage of prevailing market dynamics.
“As a start up, Apache Capital Partners were looking for a provider that understands our needs and demonstrates an enthusiasm for working with us,” said Chairman and co-founder of Apache Paul Orchard-Lisle.
“Specifically, Apache Capital Partners needed a provider with a high level of competency and expertise in the administration of complex real estate structures, as well as demonstrable process controls, risk management and corporate governance oversight. Northern Trust met all of these requirements.”
Under the agreement, Northern Trust will provide services to:
- Apache Roxylight UK Infrastructure Opportunity Fund
- Apache UK Active Commercial Opportunity Fund
- Apache Prime Central London Residential Opportunity Fund
“Real estate and infrastructure fund managers face increasing challenges to meet the needs of their dynamic institutional investor base,” said Kate Stallard, head of EMEA, Private Equity, Real Estate and Infrastructure Sales at Northern Trust.
“Above all they need to know the fund is supported by robust risk management and strong governance. Northern Trust is delighted to be working with Apache to deliver flexible solutions that enable them to focus on growing a unique portfolio for their distinguished investors.”
Northern Trust provides a comprehensive range of fund administration solutions for conventional funds and alternative asset classes including hedge funds, fund of funds, real estate funds, private equity, infrastructure and agriculture. It supports multiple fund structures across multiple jurisdictions including the UK, USA, Ireland, Luxembourg, Jersey and Guernsey. Northern Trust also offers relating banking, trustee and custody services which can be tailored to support evolving business needs.
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