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
Industry consortium creates third-party risk platform
16 November 2016 | London | Reporter: Theo Andrew
TruSight includes American Express, Bank of America, J.P. Morgan Chase and Wells Fargo, and intends to deliver a “comprehensive approach”
Big changes ahead for BNY Mellon in 2018
14 November 2017 | New York | Reporter: Theo Andrew
BNY Mellon is set to undergo sweeping organisational changes, creating three new units under its investment services segment, and merging its three largest US investment management businesses
Link Group acquires Capita Asset Services
06 November 2017 | Sydney | Reporter: Jenna Lomax
The acquisition will help the Sydney-based solution provider to expand its European operating platform, as well as its product and regional capabilities
BNP Paribas expands Italian insurance mandate
06 November 2017 | Milan | Reporter: Theo Andrew
The appointment is an expansion of BNP Paribas existing global custody mandate with the Italian insurance firm
CoInvestor chosen for Luxembourg real estate fund
06 November 2017 | Luxembourg | Reporter: Theo Andrew
CoInvestor’s online platform will help streamline access for investors looking to participate in a diverse pool of real estate-backed loans, which have been underwritten by LendInvest
Allfunds develops MiFID II tool suite
31 October 2017 | London | Reporter: Theo Andrew
The fund platform’s offerings now include an share class analysis tool, compliant access to over 54,000 funds and exchange-traded funds, and additional tools enabling clients to add value
Wolters Kluwer chosen for risk and reg by Polish bank
23 October 2017 | Warsaw | Reporter: Theo Andrew
Bank BPS will use the OneSumX solutions for static and dynamic projection analysis, liquidity reporting, interest-rate and foreign-exchange risk, as well as value-at-risk analysis
More fund services news