Euroclear launches service for private market funds
06 October 2023 Brussels
Image: Yingyaipumi
Euroclear has launched a service for private market funds as part of an effort to expand its suite of funds services.
The initiative complements Euroclear’s existing money market, mutual and alternative fund offerings.
The service, which is integrated into FundSettle, Euroclear’s funds platform, will utilise the technology of the recently acquired Goji, a fintech specialising in the servicing
of private market funds.
Euroclear says that by using the service, investors will benefit from a streamlined digital solution that covers the entire investment lifecycle, from initial commitments and capital calls to asset servicing and distribution.
By making their funds available on the platform, asset managers can significantly expand their reach through Euroclear’s network of distributors, it adds.
The new launch follows the inclusion of MFEX’s distribution and data services.
Valerie Urbain, chief business officer at Euroclear, comments: “Through the integration of innovative technology, Euroclear is delivering on its strategy to provide a best-in-class global funds service.
“We now offer a comprehensive, one-stop solution across the full range of fund products, including exchange-traded funds, money market and mutual funds as well as alternative and private market funds — demonstrating our commitment to building a fully digital marketplace that caters to the entire funds ecosystem.”
The initiative complements Euroclear’s existing money market, mutual and alternative fund offerings.
The service, which is integrated into FundSettle, Euroclear’s funds platform, will utilise the technology of the recently acquired Goji, a fintech specialising in the servicing
of private market funds.
Euroclear says that by using the service, investors will benefit from a streamlined digital solution that covers the entire investment lifecycle, from initial commitments and capital calls to asset servicing and distribution.
By making their funds available on the platform, asset managers can significantly expand their reach through Euroclear’s network of distributors, it adds.
The new launch follows the inclusion of MFEX’s distribution and data services.
Valerie Urbain, chief business officer at Euroclear, comments: “Through the integration of innovative technology, Euroclear is delivering on its strategy to provide a best-in-class global funds service.
“We now offer a comprehensive, one-stop solution across the full range of fund products, including exchange-traded funds, money market and mutual funds as well as alternative and private market funds — demonstrating our commitment to building a fully digital marketplace that caters to the entire funds ecosystem.”
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