Deutsche Bank today was awarded a fund services mandate from Westport Capital Partners LLC (Westport Capital), an investment management firm focused on opportunistic and distressed real-estate investments.
“Deutsche Bank’s track record and expertise made them a clear choice,” said Steven Russell, Chief Administrative Officer at Westport Capital. “The Bank provides a unique, highly integrated operating model, which allows for flexible reporting at the portfolio, fund, and investor level, creating greater transparency for our investors.”
“We are pleased to be expanding the Bank’s relationship with Westport Capital as we continue to invest in our hybrid fund product offering,” said Tim Fitzgerald, Global Head of Alternative Fund Services, Global Transaction Banking at Deutsche Bank. “We are committed to providing our fund services clients like Westport Capital with tailored solutions built on our robust flexible technology platform and integrated operating model.”
With over USD 200 billion in assets under administration, Deutsche Bank’s Fund Services offers administrative, custodial and banking services to hedge funds, private equity-real estate funds, fund of funds, ETFs, UCITS, and other alternative investment vehicles, from start-up through growth to maturity. Deutsche Bank’s hybrid fund offering provides real-time asset level reporting combined with an award-winning platform and operating model. Fund Services is part of Deutsche Bank’s Trust & Securities Services business, which has coverage in over 30 countries, more than 6,000 clients, and over USD 9 trillion in securities administered.