By Deutsche Bank today was awarded a fund services mandate from Westport Capital Partners LLC (Westport Capital), an investment management firm focused on opportunistic and distressed real-estate investments.
"Deutsche Bank's track record and expertise made them a clear choice," said Steven Russell, Chief Administrative Officer at Westport Capital. "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."
"We are pleased to be expanding the Bank's relationship with Westport Capital as we continue to invest in our hybrid fund product offering," said Tim Fitzgerald, Global Head of Alternative Fund Services, Global Transaction Banking at Deutsche Bank. "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."
With over USD 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. Deutsche Bank's hybrid fund offering provides real-time asset level reporting combined with an award-winning platform and operating model. Fund Services is part of Deutsche Bank's Trust & Securities Services business, which has coverage in over 30 countries, more than 6,000 clients, and over USD 9 trillion in securities administered.
About Deutsche Bank Global Transaction Banking
Through our wide range of cash management, trade finance, trust and securities services, our Global Transaction Banking business helps companies all over the world to focus on achieving their business goals. Every day, in multiple locations, we process and clear domestic and cross-border payments, facilitate transactions for global trade and act as trustee, agent and custodian for clients. In transaction banking, the visibility we gain on our clients' financial landscape puts us in a unique position to identify risks as well as opportunities for bottom line growth. By working in close partnership with the rest of the Bank, we help our clients optimize every opportunity.
www.gtb.db.com
About Westport Capital Partners LLC
Westport Capital Partners LLC is a real estate investment firm specializing in the opportunistic acquisition and management of real estate properties and securities. Westport provides domestic and international investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed and opportunistic real estate assets. The firm has offices in Los Angeles, CA and Wilton, CT.
Deutsche Bank AG
Press & Media Relations
Ari Cohen, +1
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ari.cohen@db.com
