Chicago-based private investment firm 5th Century Partners has selected Northern Trust to provide its fund administration and related services.
5CP invests in growing middle-market companies, enabling current and future business leaders to grow.
The Northern Trust mandate will also include support for the launch of 5CP’s oversubscribed debut fund.
Northern Trust Asset Servicing will provide fund administration, fund accounting and investor services to 5CP through its private capital administration unit, while Northern Trust Wealth Management will provide banking services.
50 South Capital Advisors LLC, a unit of Northern Trust Asset Management, served as an advisor to select investors seeking access to the fund.
Kimberly Evans, head of corporate sustainability, inclusion and social impact at Northern Trust, says: “Northern Trust and 5CP are building a strong and promising relationship as we support 5CP’s mission to drive economic and social impact for all of their stakeholders. We believe 5CP’s commitment to positively impact investors and communities aligns with Northern Trust’s corporate values.”
Marques Torbert, co-founder and partner of 5CP, comments: “Beyond being our financial partner, Northern Trust shares our vision to transform how business is conducted and to generate strong financial outcomes that can lead to economic and social impact.”
