16th Dec 2019 - 10:30am

Northern Trust administer CCA’s US commingled funds

Submitted 16/12/2019 - 10:30am

Corry Capital Advisors (CCA) appoints Northern Trust to provide fund administration and related services for CCA’s US commingled funds.

Pittsburgh-based CCA selected Northern Trust earlier this year to provide fund administration and depositary services for Irish-domiciled funds to support its expansion into Europe and distribution of its longevity-based life settlement strategies to new investors.

“Northern Trust has provided exceptional client service and broad-based capabilities across asset classes and investment strategies,” says William Corry, founder and general manager of Corry Capital Advisors. “We look forward to expanding our relationship through this new mandate for our US funds.”

“CCA’s selection of Northern Trust to provide fund administration for its US commingled funds demonstrates the seamless nature of our global service model,” says Kimberly Evans, head of Private Capital Administration in North America. “By providing superior client service and support for CCA in Ireland, Northern Trust gave our client confidence that we are best positioned to administer their funds in the US. We look forward to continuing to partner with CCA to help them achieve their strategic goals.”

With approximately USD1.3 billion in assets under management, CCA invests in non-contestable life insurance policies and utilises a proprietary methodology to target consistent returns based on actuarial predictability for clients including public pension funds, Taft Hartley pension plans and family offices.

Northern Trust Alternative Fund Services provides a full range of middle and back office solutions to more than 100 private equity managers across the globe. It supports diverse and complex fund structures across multiple domiciles and jurisdictions and has expertise in alternative investment vehicles, including private equity, private debt, venture capital, real estate, infrastructure and real asset investment vehicles.

Tags Services Fund administration