SachsenFonds selects CACEIS as depositary bank

SachsenFonds selects CACEIS as depositary bank
for its alternative investment funds

SF Institutional Invest GmbH, the investment management company of SachsenFonds Group, has mandated CACEIS to provide depositary services for its Alternative Investment Funds (AIFs). SF Institutional Invest GmbH is specialised in the management of real estate assets and development projects linked to renewable energies.

“CACEIS is an experienced partner in the closed-end fund industry and has available comprehensive know-how in those asset classes, which are important to us,” said Jürgen Gobel, managing director of SachsenFonds Group. “CACEIS’s experience with handling AIFMD compliance and the group’s broad service offering for AIFs such as special funds has convinced us they have the qualities we seek”.

Holger Sepp, Co-Head and Member of the Management Board of CACEIS in Germany, is looking forward to strengthening the partnership: “At CACEIS, we are committed, both in Germany and abroad, to delivering AIFMD compliant services to closed-ended funds and as such, we look forward to providing the level of servicing required to support SF Institutional Invest’s innovative investment concepts. I believe our services provide a very close fit for the sophisticated requirements of SF Institutional Invest’s business.”

About CACEIS
CACEIS is the asset servicing banking group dedicated to institutional and corporate clients. Through offices across Europe, North America and Asia, CACEIS offers a broad range of services covering depositary and custody, fund administration, middle-office outsourcing, derivatives clearing, forex, securities lending, fund distribution support and issuer services. With assets under custody of €2.5 trillion and assets under administration of €1.3 trillion, CACEIS is one of the world market leaders in asset servicing and the largest depositary bank and the premier fund administrator in Europe (figures to 31 December 2012).
www.caceis.com

Press Contacts
Claude Michaux
Deputy Group Communications Director
Tel.: +352 4767 2792
claude.michaux@caceis.com