BNY Mellon has been chosen by SkyBridge Capital to be the sole provider of global fund administration services for its Opportunity Zone Real Estate Investment Trust, a private, non-traded real estate investment trust with a mandate to invest in residential, commercial, and industrial real estate in US Treasury-designated Opportunity Zones in the US. The win marks another important addition to BNY Mellons real estate platform.
The BNY Mellon Real Estate Fund Administration global platform has grown to$130 Billion of assets under administration, representing close to 80 funds across more than 20 clients serviced by 250+ real estate professionals. SkyBridge selected BNY Mellon given its strong performance as SkyBridges existing custody provider, as well as its experience in real estate administration. We are proud to work with SkyBridge across multiple portfolios, and we are excited to expand our collaboration with them into the real estate investment space.
SkyBridge CapitalSkyBridge is a global alternative investment manager that provides a range of investment solutions to individuals and institutions, including the SkyBridge Opportunity Zone REIT, multi-strategy commingled fund-of-hedge-funds products, customized separate account hedge fund portfolios, hedge fund advisory services and a long-only equity mutual fund. BNY MellonBNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.
Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries.