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BNP Paribas Securities Services, a global custodian with $9.5 trillion in assets under custody, has been appointed by Partners Group, the global private markets investment manager, to provide depositary, fund administration and transfer agency services for the launch of its first European Long-Term Investment Fund (ELTIF) in Luxembourg. ELTIFs are a new type of collective investment vehicle operating under the AIFMD regime. The ELTIF vehicle benefits from a European passport and can be marketed to both institutional and private investors across Europe. BNP Paribas Securities Services was selected for its international reach and local market expertise in the product. The bank’s depositary network, one of the largest in Europe with EUR 1.5 trillion in assets under depositary, covers 13...
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