BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), the world's leading provider of
financial services to institutional investors, announced today that it
has been appointed to provide fund administration services for C Change
Investments.
C Change Investments focuses on projects and companies for the scale-up
or commercialization of the most transformative and promising clean
energy, green building and renewable resource technologies or services.
"We are encouraged by State Street's commitment to alternative
investments as well as its ability to help us navigate the private
equity landscape," said Russell Read, chief executive officer of C
Change Investments. "As we continue to build out our alternative
platform helping to meaningfully and beneficially transform the way the
world produces, distributes and consumes its natural resources, we will
also need the help of a sophisticated administrator who can provide
solutions for all of our alternative products."
"We are pleased to forge this new partnership with C Change," said Jack
Klinck, executive vice president and global head of State Street's
Alternative Investments Solutions team. "Private equity servicing is a
significant part of our alternative servicing business experiencing
dynamic growth. With the increased complexity in fund strategies we are
well prepared to provide a full range of administration support."
State Street's private equity services are part of its Alternative
Investment Solutions team which includes more than 2,400 employees
located in Boston; Ireland (Drogheda, Dublin, Naas); London; New York
City; Tokyo; Toronto; Sydney and Fair Lawn, New Jersey. In January of
this year, State Street announced that its assets under administration
serviced by its private equity fund team grew by 60 percent in 2008.
State Street now provides full-service fund administration services to
more than 400 primary funds and more than $138 billion in assets.
State Street Corporation (NYSE: STT) is the world's leading provider of
financial services to institutional investors including investment
servicing, investment management and investment research and trading.
With $12 trillion in assets under custody and $1.4 trillion in assets
under management at December 31, 2008, State Street operates in 27
countries and more than 100 geographic markets worldwide. For more
information, visit State Street's website at www.statestreet.com.
Additional information regarding C Change Investments is available at
the firm's website at www.cchangeinvestments.com.
Source: State Street Corporation
Contact: State Street Corporation
Carolyn Cichon, + 1-617-664-8672