Caceis, the custodian bank, has extended its relationship with venture capital client HV Capital by providing depositary services for four additional funds.The four private equity structures are serviced by Caceis Germany, but add to eight structures to which Caceis provides depositary services for the firm in Luxembourg and France.
In total, the alternative investment funds add up to €2.1 billion in assets.
Heiko Kottkamp-Ramann, chief finance officer of HV Capital, said: “We require a partner with a high level of expertise and experience in servicing private equity structures. Our analysis of the German market confirmed that Caceis is the leading player for services to the real asset fund sector, which includes private equity. The group has proven a trust-worthy and well-qualified servicing partner.”
Anja Maiberger, head of regional coverage for Germany and Austria at Caceis, said HV Capital was one of Europe’s leading independent venture capital firms.
Caceis, which is owned by Crédit Agricole and Santander, has assets under custody of €4.6 trillion and assets under administration of €3.3 trillion.
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