Press release
Igneo Infrastructure Partners Selects Northern Trust as its Global Private Capital Administration Provider
New mandate to deliver Private Capital Solutions for Infrastructure Manager's Australian, European and North American Funds CHICAGO & MELBOURNE,
About this update from Northern Trust Corporation
[{"type":"text","content":"\nNew mandate to deliver Private Capital Solutions for Infrastructure Manager's Australian, European and North American Funds\n\n\n CHICAGO & MELBOURNE, Australia--(BUSINESS WIRE)--\nNorthern Trust (Nasdaq: NTRS) today announced it is providing asset servicing solutions to Igneo Infrastructure Partners (Igneo) as its global private capital administration partner.\n\n\nOperating since 1994, Igneo manages US$20 billion worth of assets (as of 30 September 2024) on behalf of more than 200 investors around the world. It is the direct infrastructure investment team of the First Sentier Investors Group.\n\n\nIgneo is a specialist global infrastructure manager investing in companies in the renewables, digital infrastructure, waste management, water utilities, transportation and logistics sectors across Europe, the UK, Australia, New Zealand and North America.\n\n\nNiall Mills, Managing Partner and Global Head at Igneo, said: “Northern Trust’s selection as Igneo’s outsourced administration provider supports our requirement for a strong, well-established global capability in administering alternative assets, with the system architecture for enabling extensive oversight of our investment portfolio. Additionally, its capabilities to automate administration processes to deliver high-quality investor servicing experiences were key factors in this appointment.”\n\n\nNorthern Trust is delivering solutions servicing Igneo’s funds domiciled in Australia, the Cayman Islands, Luxembourg and US. These include fund administration, investor servicing and transfer agency, corporate secretarial and depository services.\n\n\nLeon Stavrou, Head of Australia and New Zealand at Northern Trust, said: “This partnership marks a significant milestone for Northern Trust in Australia, enabling us to provide our clients with comprehensive private capital administration services. By expanding our offerings, we can better meet our clients' growing needs, especially those who want to tap into private markets. This collaboration demonstrates our ongoing commitment to providing innovative solutions.”\n\n\nThe appointment followed a review by Igneo of third-party providers of alternative administration solutions and a selection process intended to ensure continued alignment of Igneo’s global operating model with its strategic plans.\n\n\nClive Bellows, Head of Global Pr...