CACEIS wins securitisation mandate
14 January 2016 Paris
Image: Shutterstock
Financial services group ACOFI Gestion has selected CACEIS as depository, registrar and settlement bank for two new securitisation funds.
The funds are LF PREDIREC IMMO IV, a fund for investing in the financing of real estate assets, and PREDIREC INNOVATION 2020, which is dedicated to financing research and development programmes at small to medium-sized entities and mi-cap companies. The latter is eligible for tax credits for research.
ACOFI Gestion specialises in direct lending to the economy on behalf of large and institutional investors. In order to support ACOFI Gestion’s strategies, CACEIS has developed a business line dedicated to real estate, private equity and securitisation funds.
Thibault de Saint Priest, chairman and general manager of ACOFI Gestion, said: “We chose CACEIS for its comprehensive and proven expertise in providing services to funds for direct lending to the economy, be they granular or simple.”
“We were impressed by CACEIS's responsiveness and flexibility as well as its ability to meet our requests and the high level of service we demand for our investor clients. On this basis, we are drawing on all the strengths of CACEIS to support us in growing our business.”
Joseph Saliba, deputy CEO in charge of business development at CACEIS, added: “We are proud to have been selected by ACOFI Gestion to support these two funds dedicated to the financing of companies.”
The funds are LF PREDIREC IMMO IV, a fund for investing in the financing of real estate assets, and PREDIREC INNOVATION 2020, which is dedicated to financing research and development programmes at small to medium-sized entities and mi-cap companies. The latter is eligible for tax credits for research.
ACOFI Gestion specialises in direct lending to the economy on behalf of large and institutional investors. In order to support ACOFI Gestion’s strategies, CACEIS has developed a business line dedicated to real estate, private equity and securitisation funds.
Thibault de Saint Priest, chairman and general manager of ACOFI Gestion, said: “We chose CACEIS for its comprehensive and proven expertise in providing services to funds for direct lending to the economy, be they granular or simple.”
“We were impressed by CACEIS's responsiveness and flexibility as well as its ability to meet our requests and the high level of service we demand for our investor clients. On this basis, we are drawing on all the strengths of CACEIS to support us in growing our business.”
Joseph Saliba, deputy CEO in charge of business development at CACEIS, added: “We are proud to have been selected by ACOFI Gestion to support these two funds dedicated to the financing of companies.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
