Deutsche Bank today was awarded a fund services mandate from Westport
Capital Partners LLC (Westport Capital), an investment management firm
focused on opportunistic and distressed real-estate investments.
“Deutsche Bank’s track record and expertise made them a clear choice,”
said Steven Russell, Chief Administrative Officer at Westport Capital.
“The Bank provides a unique, highly integrated operating model, which
allows for flexible reporting at the portfolio, fund, and investor
level, creating greater transparency for our investors.”
“We are pleased to be expanding the Bank’s relationship with Westport
Capital as we continue to invest in our hybrid fund product offering,”
said Tim Fitzgerald, Global Head of Alternative Fund Services, Global
Transaction Banking at Deutsche Bank. “We are committed to providing our
fund services clients like Westport Capital with tailored solutions
built on our robust flexible technology platform and integrated
operating model.”
With over USD 200 billion in assets under administration, Deutsche
Bank’s Fund Services offers administrative, custodial and banking
services to hedge funds, private equity-real estate funds, fund of
funds, ETFs, UCITS, and other alternative investment vehicles, from
start-up through growth to maturity. Deutsche Bank’s hybrid fund
offering provides real-time asset level reporting combined with an
award-winning platform and operating model. Fund Services is part of
Deutsche Bank’s Trust & Securities Services business, which has coverage
in over 30 countries, more than 6,000 clients, and over USD 9 trillion
in securities administered.
About Deutsche Bank Global Transaction Banking
Through our wide range of cash management, trade finance, trust and
securities services, our Global Transaction Banking business helps
companies all over the world to focus on achieving their business goals.
Every day, in multiple locations, we process and clear domestic and
cross-border payments, facilitate transactions for global trade and act
as trustee, agent and custodian for clients. In transaction banking, the
visibility we gain on our clients’ financial landscape puts us in a
unique position to identify risks as well as opportunities for bottom
line growth. By working in close partnership with the rest of the Bank,
we help our clients optimize every opportunity.
www.gtb.db.com
About Westport Capital Partners LLC
Westport Capital Partners LLC is a real estate investment firm
specializing in the opportunistic acquisition and management of real
estate properties and securities. Westport provides domestic and
international investment opportunities to institutional and private
clients. Through its various funds, the firm invests in a wide variety
of distressed and opportunistic real estate assets. The firm has offices
in Los Angeles, CA and Wilton, CT.
Copyright Business Wire 2014