Paris-based CPR Asset Management has selected asset servicing provider CACEIS as the asset servicing partner for its first Luxembourg law UCITS fund dubbed CPR Invest, for which the first two sub-funds were launched on 29th August.

Under the deal, CACEIS will serve the role of depositary and central administrator for the CPR Invest Sicav.

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Jean-François Griveaud, CPR Asset Management’s deputy CEO, said: "The launch of our Luxembourg UCITS SICAV will allow us to speed up the distribution of our funds in Europe and then Asia. This approach is part of our strategy to double the amount of international assets under management."

CPR Invest is intended for international distribution, and the first two sub-funds are feeders of the French law UCITS, CPR Croissance Réactive and CPR Silver Age.

CACEIS will be responsible for record-keeping and administration of these sub funds.

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