Adepa chooses BlackRock’s eFront® to enhance its Private Assets Offer to Clients
Following a successful implementation of eFront’s technology, the platform is available to all funds across Luxembourg, Spain, Chile and Italy, served by Adepa.
Luxembourg/London, 25th October 2023
Adepa, the Luxembourg-based Alternative Investment Fund Manager (AIFM) and Fund Administrator, has selected eFront®, a BlackRock technology solution dedicated to private markets. This has allowed Adepa to strengthen the tailored services it provides to clients across private equity, private debt, infrastructure and real estate.
Following a competitive search process, Adepa chose the eFront platform for its client-service led approach and market leading alternative investment and data analytics capabilities. eFront solutions are available across Adepa’s entire business, including the Alternative Investment Fund Manager (AIFM) services, as well as Fund Administration and Transfer Agency.
Esteban Nogueyra, Head of Fund Administration at Adepa, said: “We are delighted to have partnered with BlackRock to implement its eFront technology, enhancing our Fund Administration and Investor Services solutions for leading alternative asset managers globally. By integrating eFront in our technology platform, we will provide a one-stop-shop combining the advantages of our back-office capabilities and leading alternative fund services expertise in Europe and Latin America, supporting our international expansion, and allowing our clients to focus on their core business.”
According to BlackRock’s 2023 Global Investment Outlook, investors will need to make more frequent changes to portfolios to adjust to a new investment regime characterized by greater volatility. The eFront platform provides clients with the data and analytics needed to inform investment decisions across all private capital asset classes.
“We’re incredibly proud to be working with Adepa, an industry leader dedicated to giving clients deeper portfolio insights that lead to unique, and meaningful, investment outcomes,” said Melissa Ferraz, Global Head of Aladdin Alternatives.
ADEPA is an independent Luxembourg based strategic partner of asset and wealth managers, providing a one-stop-shop for all activities required to establish, operate, distribute, administer, and comply with regulatory requirements for any type of fund structure, irrespective of the fund’s domicile.
ADEPA has UCITS and AIFM licenses covering a comprehensive range of asset classes including listed equities, fixed income, real estate, private equity, derivatives, infrastructure, and private debt funds. The company has a passport to service fund promoters across the EU from Luxembourg. Core services include ManCo, fund administration, corporate services, and a range of investor services such as transfer agent.
ADEPA Group also has subsidiaries in Spain, Italy and Chile through which it provides fund administration and investor services to asset and wealth management companies. Last year, the group announced the signing of a strategic alliance with Banco Inversis, a wholly owned subsidiary of Banca March. Within the framework of this alliance, Inversis acquired a 40% stake in the group.
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a respected provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
BlackRock’s eFront® platform is a financial technology platform designed for institutional use only and is not intended for end investor use. Alongside providing data services and analytics, the eFront platform provides capabilities to support decision making and investment oversight from fundraising, fund administration and reporting. eFront and Aladdin solutions are now used by 1,000 clients, across all major alternative asset classes.
For further information:
Nicole Jeary, +44 7833 436672, firstname.lastname@example.org