StepStone Real Estate, BVK and Universal-Investment Form Partnership to Acquire Secondaries Globally
forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
MPC Capital: ESG Core Wohnimmobilien Deutschland Fund receives approval as a sustainable financial product and purchases further project
dgap.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dgap.de Daily Mail and Mail on Sunday newspapers.
Germany s Universal-Investment enters Irish ManCo market Dec 17, 2020 By Funds Europe
German fund administrator Universal-Investment Group has acquired management company Metzler Ireland in a move to enter the Irish funds market, which is a beneficiary of growth in the provision of ‘ManCo’ services. The terms of the deal were not disclosed.
The acquisition, which is still subject to regulatory approval, sees Universal-Investment creating a third servicing hub after Germany and Luxembourg.
Universal-Investment and Metzler already have a large number of common clients for which they act as administrator and asset manager, respectively, and intend to cooperate on Irish fund launches.
Universal-Investment had already taken over the fund pricing and legal reporting for around 300 mutual and institutional funds launched by Metzler Asset Management in Germany and Ireland with a volume totalling over €56 billion.