Westport Capital Partners has granted a fund services mandate to Deutsche Bank to focus on opportunistic and distressed real-estate investments.
With over US$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.
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Tim Fitzgerald, global head of alternative fund services for global transaction banking at Deutsche Bank, said: "We are pleased to be expanding the Bank’s relationship with Westport Capital as we continue to invest in our hybrid fund product offering.
"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."
Deutsche Bank said that its hybrid fund offering provides real-time asset level reporting combined with a platform and operating model.
Steven Russell, chief administrative officer at Westport Capital, said: "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."
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