Further Appointment Supports Emerald’s Focus on Investments to Tackle Global Water Problems
Northern Trust (Nasdaq: NTRS) has been selected by Emerald Technology Ventures AG (Emerald) to provide fund administration, global custody and banking services for its sixth new fund launch – the Guernsey-domiciled Emerald Global Water Impact Fund LP.
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Northern Trust’s suite of asset servicing solutions provides Emerald with the operational infrastructure to support its global investment reach. The US$100 million fund is making investments in early and expansion stage companies in the water technology sector with the aim of solving global water problems.
Investments will be largely aligned with the United Nations sustainable development goals including conserving water resources, improving resource efficiency and adapting to climate change with exposure to Europe, North America and Asia-Pacific.
Hans Dellenbach, CFO and partner, Emerald Technology Ventures AG, said: “We’re pleased to extend our long-standing relationship with Northern Trust. Over the past two decades, Northern Trust has provided us with the specialist fund servicing expertise we require to help us focus on our strategic investment goals.”
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Dave Sauvarin, country head, Channel Islands, Northern Trust, said: “We are delighted to continue our relationship with Emerald for this sixth fund launch. By combining our consultative approach with our comprehensive asset services and advanced technology, we are pleased to support the fund’s global sustainable investment goals.”
Northern Trust has been working with Emerald since 2000, over which time it has supported Emerald’s six launches, and collaborated on pioneering blockchain developments in the private equity space, including supporting legal clauses as smart contracts and streamlining the capital call process.
Northern Trust’s Global Fund Services business provides services including fund administration, global custody, investment operations outsourcing and revenue enhancement solutions to global investment managers – supporting a range of complex investment strategies across the full spectrum of asset classes. Regional capabilities are supported by a global network of 25 international locations across the Americas, Asia-Pacific and Europe, Middle East and Africa.
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