Deutsche Bank today was awarded a fund services mandate by First Reserve, the largest global private equity and infrastructure investment firm exclusively focused on energy.
First Reserve selected Deutsche Bank’s Alternative Fund Services to provide an integrated bank loan fund administration solution. As part of the solution, Deutsche Bank is providing its customizable investor reporting, fund accounting, and bank loan administration services.
“We look forward to growing our platform utilizing Deutsche Bank’s full range of services,” said Josh Weiner, Managing Director at First Reserve. “We selected Deutsche Bank for their ability to provide an integrated model and flexible reporting to our investors.”
“We are delighted to build on First Reserve’s well-established relationship with Deutsche Bank’s Corporate Banking & Securities and Asset & Wealth Management divisions,” said Tim Fitzgerald, Global Head of Alternative Fund Services, Global Transaction Banking at Deutsche Bank. “This mandate leverages the combined expertise across the entire Deutsche Bank franchise to deliver exceptional value to First Reserve.”
Deutsche Bank continues to be a leader and innovator amongst fund services providers. HFMWeek recently recognized Deutsche Bank as the Most Innovative Fund Administrator in the Over USD 30 billion category of the HFM US Hedge Fund Services Awards for the second year in a row.
Deutsche Bank’s Fund Services has over USD 200 billion in assets under administration and 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. Fund Services is part of Deutsche Bank’s Investor Services business within Global Transaction Banking’s Institutional Cash & Securities Services, which has coverage in over 30 countries, more than 6,000 clients, and over USD 9 trillion in securities under administration.