5th Century Partners appoints Northern Trust to support ‘goals-driven’ investment strategy

CHICAGO–(BUSINESS WIRE)–Northern Trust (Nasdaq: NTRS) has partnered with 5th Century Partners (“5CP”), a Chicago-based private investment firm, to provide fund administration and related services. The relationship includes banking, investor services and support for the launch of 5CP’s first oversubscribed fund, which closed to investors earlier this year with $144 million in capital commitments.

5CP invests in growing middle-market businesses with a focused approach that leverages diversity as a tool to drive strong financial results that can create transformative wealth opportunities for diverse communities and stakeholders. The firm’s investment strategy has been designed to embrace an increasingly diverse world and create a platform that enables current and future business leaders to thrive.

“Northern Trust and 5CP are building a strong and promising relationship as we support 5CP’s mission to drive economic and social impact for all of their stakeholders,” said Kimberly Evans, Head of Corporate Sustainability, Inclusion and social impact at Northern Trust. “Northern Trust’s client-focused culture, technology and global reach provide a strong platform for diverse and emerging managers, and we believe 5CP’s commitment to positively impacting investors and communities aligns with Northern Trust’s corporate values.”

Northern Trust Asset Servicing provides fund administration, fund accounting and investor services to 5CP through its Private Capital Administration unit, while Northern Trust Wealth Management provides full banking services. In addition, 50 South Capital Advisors, LLC, a unit of Northern Trust Asset Management, served as advisors in selecting investors to access the fund.

“As a next-generation private investment firm, 5CP has benefited from the financial strength, deep expertise and breadth of resources that Northern Trust brings to its clients,” said Marques Torbert, co-founder and partner. of 5CP. “As well as being our financial partner, Northern Trust shares our vision of transforming the way business is done and delivering strong financial results that can have economic and social impact.”

About 5th Century Partners

5th Century Partners (“5CP”) is a private, goal-oriented investment firm that believes financial success is the engine of economic and social progress. The company partners with founders and operators of growing middle-market companies who share its commitment to transforming the future of business. The 5CP team works alongside the firm’s portfolio companies to maximize their potential, which in turn can have an outsized impact for various stakeholders.

Please visit our website for more information.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2021, Northern Trust had assets under custody/administration of US$16.2 trillion and assets under management of US$1.6 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Please read our global and regulatory information.