RBC I&TS to provide custody services for iBionext
RBC Investor & Treasury Services (I&TS) has been
selected iBionext, a Paris-based venture capital fund that focuses on
healthcare, to provide custody services, holding liabilities and positions for
its new iBionext growth fund for institutional biotech investors.
“The launch of our €100 – 120 million fund, for which RBC
will provide custody services, will enable us to finance innovative projects
led by the start-ups in our network and attract institutional investors,” said
Alexia Perouse, CEO of iBionext.
iBiomext is currently supporting the growth of seven
companies in its network.
Canadian bank RBC I&TS is one of France’s largest providers of
custodial services to the alternative investment industry, with around 550
funds under administration.
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