The new licence enables Crestbridge to provide depositary services to a number of investment funds including specialised investment funds (SIF), investment funds in risk capital (Sicar), and alternative investment funds (AIF).
Crestbridge received its fund administration licence in Luxembourg in 2019.
With €120bn ($130bn) assets under administration, Crestbridge is a global administration, management and corporate governance solutions provider.
“With this licence, we can now support our clients from around the world wishing to set-up a Luxembourg-based AIF with a fully compliant, tech-enabled depositary solution from Luxembourg,” said Kenneth Agu, head of depositary services in Luxembourg, in a press release. “I very much look forward to continuing to be part of a team which delivers exceptional service and innovative solutions to our global client base.”