State Street Appointed Private Equity Administrator for C Change Investments’ New Fund
March 12 2009 - 2:48PM
Business Wire
State Street Corporation (NYSE: STT), the world's leading
provider of financial services to institutional investors,
announced today that it has been appointed to provide fund
administration services for C Change Investments.
C Change Investments focuses on projects and companies for the
scale-up or commercialization of the most transformative and
promising clean energy, green building and renewable resource
technologies or services.
�We are encouraged by State Street�s commitment to alternative
investments as well as its ability to help us navigate the private
equity landscape,� said Russell Read, chief executive officer of C
Change Investments. �As we continue to build out our alternative
platform helping to meaningfully and beneficially transform the way
the world produces, distributes and consumes its natural resources,
we will also need the help of a sophisticated administrator who can
provide solutions for all of our alternative products.�
�We are pleased to forge this new partnership with C Change,�
said Jack Klinck, executive vice president and global head of State
Street�s Alternative Investments Solutions team. �Private equity
servicing is a significant part of our alternative servicing
business experiencing dynamic growth. With the increased complexity
in fund strategies we are well prepared to provide a full range of
administration support.�
State Street�s private equity services are part of its
Alternative Investment Solutions team which includes more than
2,400 employees located in Boston; Ireland (Drogheda, Dublin,
Naas); London; New York City; Tokyo; Toronto; Sydney and Fair Lawn,
New Jersey. In January of this year, State Street announced that
its assets under administration serviced by its private equity fund
team grew by 60 percent in 2008. State Street now provides
full-service fund administration services to more than 400 primary
funds and more than $138 billion in assets.
State Street Corporation (NYSE: STT) is the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research
and trading. With $12 trillion in assets under custody and $1.4
trillion in assets under management at December 31, 2008, State
Street operates in 27 countries and more than 100 geographic
markets worldwide. For more information, visit State Street�s
website at www.statestreet.com.
Additional information regarding C Change Investments is
available at the firm�s website at www.cchangeinvestments.com.
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