Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund
Northern Trust Expands Longstanding Relationship with Alchemy Helping to Launch its Fifth Special Opportunities Fund
Northern Trust will continue to provide Alchemy with a range of services from its Guernsey office including fund administration, depositary, banking, custody and credit to support the launch of ASOF V. This new mandate builds on a long-standing relationship which saw Alchemy first choose Northern Trust as its fund administrator in 1997. Northern Trust has supported Alchemy with its Special Opportunities business since its inaugural fund in 2006.
Founded in 1997 and based in
“Northern Trust has enjoyed a close working relationship with Alchemy since its founding, supporting their funds and structures,” said Dave Sauvarin, head of Northern Trust Channel Islands. “We are delighted to continue this collaboration and design a comprehensive asset servicing offering supporting this fifth special opportunities fund, further strengthening our support to Alchemy.”
ASOF V is set up as a Guernsey limited partnership with a feeder partnership for US tax-exempt investors. ASOF V will invest in mid-market corporate special situations across
“Our long-standing relationship with Northern Trust has given us a solid foundation for our latest venture, Alchemy Special Opportunities V L.P,” said John Rowland, Chief Operating Officer, Alchemy. “With Northern Trust's expertise and support, we can focus on delivering strong investment returns for the fund’s investors.”
Northern Trust's Guernsey office offers scale and expertise across traditional and multiple alternative asset classes, leveraging experience spanning more than five decades. The range of customized component services include fund administration, AIFMD compliant depositary services, global custody and banking and fiduciary services, supported by a global operating model.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
About Alchemy Partners
Alchemy is a leading European corporate special situations investor focused on the mid-market. It is a specialist in acquiring control of businesses through debt and equity and working alongside management teams to help them create and grow value by solving problems, helping take difficult decisions and driving through change. The firm has invested over
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Source: Northern Trust Corporation