Leading ESG investor Circulate Capital appoints SS&C as fund
administrator to advance environmental impact Goals
WINDSOR, Conn., March 6, 2024 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced its
latest collaboration with Circulate Capital, a leading circular
economy investment management firm in high-growth markets. SS&C
GlobeOp will serve as the official fund administrator for Circulate
Capital's Singapore-based variable
capital company (VCC) fund and its Luxembourg feeder fund and provide anti-money
laundering support.
"As an impact investment firm managing multiple funds with many
diverse institutional partners, we were looking for a provider with
extensive experience administering complex fund structures," said
Regula Schegg, Founding Partner of
Circulate Capital. "SS&C's extensive expertise in the industry,
global reach, and dedicated team will help us ensure our operations
are in the best shape to attract more institutional capital and
expand our footprint."
Since its inception in 2018, Circulate Capital has been at the
forefront of advancing the circular economy, fighting climate
change, and preventing the flow of plastic waste into the ocean in
high-growth markets. The firm has invested in 16 companies, which
have already kept over 260,000 tons of plastic waste in circulation
and prevented close to 400,000 tons of GHG emissions. Because
Circulate Capital's investor base recently expanded to include
several Development Finance Institutions, the firm sought a service
provider with deep expertise and flexibility to support various
complex reporting requirements.
"We are pleased to work with Circulate Capital at this exciting
growth stage," said Ian Kelly,
Managing Director, SS&C GlobeOp. "As fund structures in private
markets become increasingly complex, SS&C is dedicated to
ensuring we can deliver flexible, comprehensive solutions to help
our clients operate. We look forward to working with Circulate
Capital to help it meet the demand for innovative ESG investment
opportunities worldwide."
Learn more about SS&C's private market solutions here.
About Circulate Capital
Circulate Capital is a leading circular economy investment
management firm in high-growth markets – with activities and teams
in 10+ countries. Partnering with global brands and financial
institutions, we transform supply chains at scale by delivering
economic, social, and environmental value. Launched in 2018 by
supply chain experts and leading corporations - including PepsiCo,
Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola
Company, Chevron Phillips Chemical Company LLC, and Mondelēz
International, the firm is scaling solutions across the recycling
and innovative materials value chains. Founded in and originally
focused on South and Southeast
Asia, the firm now targets untapped opportunities in
high-growth markets to spark further development in the emerging
circular economy. It expanded its activities into Latin America with the support of IDB Lab,
Builders Vision, CP Chem, Dow, Danone, Mondelēz International, and
Unilever. Circulate Capital's commitment to protecting the planet,
its oceans, and its people enables progress on many of the world's
most urgent challenges, including inequality and the climate
crisis.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com.
Follow SS&C on Twitter, LinkedIn and Facebook.
SOURCE: SS&C
Logo - https://mma.prnewswire.com/media/692536/SSC_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/circulate-capital-chooses-ssc-for-fund-administration-302080905.html