Igneo Infrastructure Partners Selects Northern Trust as its Global Private Capital Administration Provider

New mandate to deliver Private Capital Solutions for Infrastructure Manager's Australian, European and North American Funds

CHICAGO & MELBOURNE, Australia--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) today announced it is providing asset servicing solutions to Igneo Infrastructure Partners (Igneo) as its global private capital administration partner.

Operating since 1994, Igneo manages US$20 billion worth of assets (as of 30 September 2024) on behalf of more than 200 investors around the world. It is the direct infrastructure investment team of the First Sentier Investors Group.

Igneo is a specialist global infrastructure manager investing in companies in the renewables, digital infrastructure, waste management, water utilities, transportation and logistics sectors across Europe, the UK, Australia, New Zealand and North America.

Niall Mills, Managing Partner and Global Head at Igneo, said: “Northern Trust’s selection as Igneo’s outsourced administration provider supports our requirement for a strong, well-established global capability in administering alternative assets, with the system architecture for enabling extensive oversight of our investment portfolio. Additionally, its capabilities to automate administration processes to deliver high-quality investor servicing experiences were key factors in this appointment.”

Northern Trust is delivering solutions servicing Igneo’s funds domiciled in Australia, the Cayman Islands, Luxembourg and US. These include fund administration, investor servicing and transfer agency, corporate secretarial and depository services.

Leon Stavrou, Head of Australia and New Zealand at Northern Trust, said: “This partnership marks a significant milestone for Northern Trust in Australia, enabling us to provide our clients with comprehensive private capital administration services. By expanding our offerings, we can better meet our clients' growing needs, especially those who want to tap into private markets. This collaboration demonstrates our ongoing commitment to providing innovative solutions.”

The appointment followed a review by Igneo of third-party providers of alternative administration solutions and a selection process intended to ensure continued alignment of Igneo’s global operating model with its strategic plans.

Clive Bellows, Head of Global Private Capital Administration and President, EMEA at Northern Trust, commented: “We are delighted to be providing this comprehensive set of global solutions supporting Igneo's funds and investors. As a dedicated solutions provider for managers of private capital, Northern Trust supports their end-to-end operating model by driving automation across the lifecycle of their funds, helping to mitigate risk and enhance efficiency to deliver a consistent approach that enables investor oversight."

Northern Trust provides a comprehensive suite of services to global investment managers including fund administration, global custody investment operations outsourcing and data management, supporting a range of complex investment strategies across the full spectrum of asset classes.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2024, Northern Trust had assets under custody/administration of US$16.8 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

About Igneo Infrastructure Partners

Igneo is an autonomous investment team in the First Sentier Investors Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation/ logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on responsible investment and proactive asset management.

Igneo manages US$20.0bn worth of assets (as of 30 September 2024) on behalf of more than 200 investors around the world.
Contacts

Media Contacts
Europe, Middle East, Africa & Asia-Pacific:

Camilla Greene
+44 (0) 20 7982 2176
[email protected]

Simon Ansell
+ 44 (0) 20 7982 1016
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US & Canada:

John O’Connell
+1 312 444 2388
John_O'[email protected]

http://www.northerntrust.com