{"id":813897,"date":"2025-02-18T06:56:06","date_gmt":"2025-02-18T11:56:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/"},"modified":"2025-02-18T06:56:06","modified_gmt":"2025-02-18T11:56:06","slug":"northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/","title":{"rendered":"Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund<\/b><\/p>\n<p class=\"bwalignc\"><i>Northern Trust Expands Longstanding Relationship with Alchemy Helping to Launch its Fifth Special Opportunities Fund<\/i><\/p>\n<p>LONDON &amp; GUERNSEY&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNorthern Trust (Nasdaq: NTRS) is expanding its relationship with Alchemy Partners, a private equity firm, to deliver asset servicing solutions for its latest special opportunities fund, <b>Alchemy Special Opportunities Fund V L.P.<\/b> (\u2018ASOF V\u2019). ASOF V surpassed Alchemy\u2019s fundraising target, securing total commitments of approximately EUR \u20ac1 billion (around US$1.03 billion).\n<\/p>\n<p>\nNorthern Trust will continue to provide Alchemy with a range of services from its Guernsey office including fund administration, depositary, banking, custody and credit to support the launch of ASOF V. This new mandate builds on a long-standing relationship which saw Alchemy first choose Northern Trust as its fund administrator in 1997. Northern Trust has supported Alchemy with its Special Opportunities business since its inaugural fund in 2006.\n<\/p>\n<p>\nFounded in 1997 and based in London, Alchemy is a leading private equity firm that specializes in investing in debt and equity special situations across Europe. The firm currently manages over EUR \u20ac3 billion (around US$3.1 billion) of assets under management (<i>source: Alchemy, 10 <\/i>February <i>2025<\/i>).\n<\/p>\n<p>\n\u201cNorthern Trust has enjoyed a close working relationship with Alchemy since its founding, supporting their funds and structures,\u201d said Dave Sauvarin, head of Northern Trust Channel Islands. \u201cWe are delighted to continue this collaboration and design a comprehensive asset servicing offering supporting this fifth special opportunities fund, further strengthening our support to Alchemy.\u201d\n<\/p>\n<p>\nASOF V is set up as a Guernsey limited partnership with a feeder partnership for US tax-exempt investors. ASOF V will invest in mid-market corporate special situations across Europe through loans, debt and equity securities to access discounted value with low risk-attachment points. In addition, the ASOF V has Luxembourg entities within its structure which are being supported by Northern Trust\u2019s Global Fund Services team in Luxembourg.\n<\/p>\n<p>\n\u201cOur long-standing relationship with Northern Trust has given us a solid foundation for our latest venture, Alchemy Special Opportunities V L.P,\u201d said John Rowland, Chief Operating Officer, Alchemy. \u201cWith Northern Trust&#8217;s expertise and support, we can focus on delivering strong investment returns for the fund\u2019s investors.\u201d\n<\/p>\n<p>\nNorthern Trust&#8217;s Guernsey office offers scale and expertise across traditional and multiple alternative asset classes, leveraging experience spanning more than five decades. The range of customized component services include fund administration, AIFMD compliant depositary services, global custody and banking and fiduciary services, supported by a global operating model.\n<\/p>\n<p><b>About Northern Trust<\/b><\/p>\n<p>\nNorthern 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fhome&amp;esheet=54208360&amp;newsitemid=20250218446936&amp;lan=en-US&amp;anchor=northerntrust.com&amp;index=1&amp;md5=d1870dee089f36cfb9151295298c19bc\">northerntrust.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.instagram.com%252Fnortherntrustcompany%252F%26data%3D05%257C02%257CWLW5%2540ntrs.com%257C0da4a816d1194057f4ea08dd3eedb922%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C638735912915721564%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DaY7KNkC84p9yIsblWS8fxaoTOx2sXhYit5remKYwtcU%253D%26reserved%3D0&amp;esheet=54208360&amp;newsitemid=20250218446936&amp;lan=en-US&amp;anchor=Instagram&amp;index=2&amp;md5=e8496c46a2134eb8c0dbdc2fb61ca149\">Instagram<\/a> @northerntrustcompany or Northern Trust on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam04.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fnorthern-trust%252F%26data%3D05%257C02%257CWLW5%2540ntrs.com%257C0da4a816d1194057f4ea08dd3eedb922%257C2434528d4270497781dda6308c1761a3%257C0%257C0%257C638735912915762677%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3D%252BTRyb%252FcdKhynFxVhNIwYgA%252FBw1G%252FazmwINKiBZx30ZA%253D%26reserved%3D0&amp;esheet=54208360&amp;newsitemid=20250218446936&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=e1ca80d811a084d64f0a8387e27b5bca\">LinkedIn<\/a>.\n<\/p>\n<p>\nNorthern 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;esheet=54208360&amp;newsitemid=20250218446936&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;index=4&amp;md5=acce1ab96d71faed82fe1e4327bef636\">https:\/\/www.northerntrust.com\/terms-and-conditions<\/a>.\n<\/p>\n<p><b>About Alchemy Partners<\/b><\/p>\n<p>\nAlchemy is a leading European corporate special situations investor focused on the mid-market. It is a specialist in acquiring control of businesses through debt and equity and working alongside management teams to help them create and grow value by solving problems, helping take difficult decisions and driving through change. The firm has invested over \u00a35bn since 1997 across more than 220 transactions in 14 countries. For more information please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.alchemypartners.co.uk%2F&amp;esheet=54208360&amp;newsitemid=20250218446936&amp;lan=en-US&amp;anchor=www.alchemypartners.co.uk&amp;index=5&amp;md5=05d9c142d1d1e432c3e181c518441db0\">www.alchemypartners.co.uk<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250218446936r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250218446936\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250218446936\/en\/<\/a><\/span><\/p>\n<p><span class=\"bwuline\">Media Contacts<br \/>\n<\/span><br \/><i>Europe, Middle East, Africa &amp; Asia-Pacific:<\/i><\/p>\n<p><i>C<\/i>amilla Greene<br \/>\n<br \/>+44 (0) 20 7982 2176<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Camilla_Greene@ntrs.com\">Camilla_Greene@ntrs.com<\/a><\/p>\n<p>\nSimon Ansell<br \/>\n<br \/>+ 44 (0) 20 7982 1016<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Simon_Ansell@ntrs.com\">Simon_Ansell@ntrs.com<\/a><\/p>\n<p><i>US &amp; Canada<\/i>:\n<\/p>\n<p>\nJohn O\u2019Connell<br \/>\n<br \/>+1 312 444 2388<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jo45@ntrs.com\">John_O\u2019Connell@ntrs.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe Guernsey United Kingdom<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250218446936\/en\/507749\/3\/NorthernTrust_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund Northern Trust Expands Longstanding Relationship with Alchemy Helping to Launch its Fifth Special Opportunities Fund LONDON &amp; GUERNSEY&#8211;(BUSINESS WIRE)&#8211; Northern Trust (Nasdaq: NTRS) is expanding its relationship with Alchemy Partners, a private equity firm, to deliver asset servicing solutions for its latest special opportunities fund, Alchemy Special Opportunities Fund V L.P. (\u2018ASOF V\u2019). ASOF V surpassed Alchemy\u2019s fundraising target, securing total commitments of approximately EUR \u20ac1 billion (around US$1.03 billion). Northern Trust will continue to provide Alchemy with a range of services from its Guernsey office including fund administration, depositary, banking, custody and credit to support the launch of ASOF V. This new mandate builds on a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-813897","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund Northern Trust Expands Longstanding Relationship with Alchemy Helping to Launch its Fifth Special Opportunities Fund LONDON &amp; GUERNSEY&#8211;(BUSINESS WIRE)&#8211; Northern Trust (Nasdaq: NTRS) is expanding its relationship with Alchemy Partners, a private equity firm, to deliver asset servicing solutions for its latest special opportunities fund, Alchemy Special Opportunities Fund V L.P. (\u2018ASOF V\u2019). ASOF V surpassed Alchemy\u2019s fundraising target, securing total commitments of approximately EUR \u20ac1 billion (around US$1.03 billion). Northern Trust will continue to provide Alchemy with a range of services from its Guernsey office including fund administration, depositary, banking, custody and credit to support the launch of ASOF V. 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(\u2018ASOF V\u2019). ASOF V surpassed Alchemy\u2019s fundraising target, securing total commitments of approximately EUR \u20ac1 billion (around US$1.03 billion). Northern Trust will continue to provide Alchemy with a range of services from its Guernsey office including fund administration, depositary, banking, custody and credit to support the launch of ASOF V. This new mandate builds on a &hellip; Continue reading \"Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-18T11:56:06+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250218446936r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund","datePublished":"2025-02-18T11:56:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/"},"wordCount":710,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250218446936r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-expands-partnership-with-alchemy-to-support-its-new-special-opportunities-fund\/","name":"Northern Trust Expands Partnership with Alchemy to Support Its New Special Opportunities Fund - 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