Paris
02 February 2017
Reporter: Stephanie Palmer
RBC I&TS to support new French fund vehicle
AXIO Capital has selected RBC Investor & Treasury Services to provide custody services, holding liabilities and positions for a new fund with a variable share capital of €50 million.

The fund, AXIO CROISSANCE, is an SLP—a specialised investment vehicle based on the structure of a limited partnership and designed to attract foreign investors to France.

It has a fund life of 99 years, and it open to subscriptions mainly from owner-investors and family offices. Designed for the micro-cap market, it has valuations between €2 million and €20 million.

Laurent Tesson, founding partner and CEO of AXIO Capital, said: “We chose RBC based on their level of expertise and track record in private equity. Their relationship model and the quality of their services for structuring innovative funds were also decisive factors in our choice.”

Philippe Legrand, managing director of RBC Investor & Treasury Services in France, added: “We supported our client with the launch of their new investment vehicle by adapting our service to could position ourselves as the provider of choice in this new, rapidly-developing market for SLPs.”

More fund services news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
MainstreamBPO to expand in Europe and Cayman through Trinity acquisition
23 May 2017 | Sydney | Reporter: Stephanie Palmer
MainstreamBPO has entered into an agreement to acquire Trinity Fund Administration in Dublin and the Cayman Islands
Clearstream sees slight April upticks
22 May 2016 | London | Reporter: Stephanie Palmer
According to Clearstream’s monthly figures report, assets under custody increased from the €13.03 trillion recorded in April 2016
LGPS board releases transparency code for managers
22 May 2017 | London | Reporter: Drew Nicol
Asset managers looking to claim mandates from the LGPS pooling initiative can now sign up to a new fee transparency code ahead of the April 2018 deadline
Asset managers tackle Chinese bond market issues
19 May 2017 | Beijing | Reporter: Drew Nicol
Hong Kong asset managers met in Beijing to discuss the challengers surrounding China’s lucrative bond market
RBC wins Irish assets mandate
18 May 2017 | London | Reporter: Drew Nicol
Royal Bank of Canada has been chosen by Chiron Investment Management to act as custodian and fund administrator for its new Irish-domiciled Chiron Global Opportunities UCITS fund
Deutsche Bank adds to Pacific Life mandate
17 May 2017 | New York | Reporter: Drew Nicol
Deutsche Bank's fund services business will provide fund accounting and investor services to the Cadence Global Equity Fund LP
SS&C wins expanded Acadian mandate
17 May 2017 | Connecticut | Reporter: Drew Nicol
Acadian Asset Management cites collateral management and accounting expertise as key to SS&C mandate
More fund services news