Northern Trust gains mandate for Emerald Technology Ventures’ $100m fund
09 November 2020 Guernsey
Image: willyam/Adobe Stock
Northern Trust has been selected by Emerald Technology Ventures AG to provide fund administration, global custody and banking services for its sixth new fund launch, the Guernsey-domiciled Emerald Global Water Impact Fund.
As part of the mandate, Northern Trust will provide Emerald with the operational infrastructure to support its global investment reach.
The $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, chief financial officer 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.”
Dave Sauvarin, country head, Channel Islands, Northern Trust, commented: “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.
Last month, Northern Trust was selected by Switzerland-based asset manager Kieger AG and Kieger (Luxembourg) SA to provide fund administration, global custody, depositary and currency management services for their Luxembourg-domiciled funds.
As part of the mandate, Northern Trust will provide Emerald with the operational infrastructure to support its global investment reach.
The $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, chief financial officer 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.”
Dave Sauvarin, country head, Channel Islands, Northern Trust, commented: “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.
Last month, Northern Trust was selected by Switzerland-based asset manager Kieger AG and Kieger (Luxembourg) SA to provide fund administration, global custody, depositary and currency management services for their Luxembourg-domiciled funds.
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