Caceis supports Seven Capital Management fund distribution

Caceis supports Seven Capital Management fund distribution

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Seven Capital Management has selected Caceis as centralising agent for its Seven Lux Sicav Sif (specialised investment fund) within the framework of the BlackSnake sub-fund, which was admitted to Euroclear France on 24 November.

As centralising agent, Caceis is responsible for handling investment inflows from the French market and for the settlement of subscription and redemption orders on Euroclear France on behalf of the Sicav Sif. It also keeps investors updated on the status of the fund and provides them with the Sicav’s prospectus.

Seven Capital Management is the first alternative investment management company in France to receive Aifm (alternative investment fund managers) approval. 

Since August 2013, it has been able to manage its alternative investment funds within the European Union and distribute them in the various member states using the marketing passport process.

Johann Schwimann, CEO Seven Capital Management said, “BlackSnake’s admission to Euroclear France is a key step in distributing the Seven Lux Sicav Sif. Caceis supported the launch of BlackSnake as depositary, fund administrator and transfer agent in Luxembourg. 

The range of international inflow handling services Caceis provides us in Luxembourg is complemented by its role as centralising agent in France. We now cover all of the countries where we are aiming to distribute our funds.”

Joseph Saliba, deputy chief executive officer in charge of business development at Caceis added, “BlackSnake was the first sub-fund to receive a cross-border European passport for direct alternative fund management and is among the first Aif Sifs to be admitted to Euroclear France.”

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