Northern Trust Selected to Support William Blair's Luxembourg-Domiciled Commun de Placement

Northern Trust has been appointed by William Blair & Company, L.L.C., the global financial services firm with more than $50 billion of assets under management, to support William Blair's Luxembourg-domiciled Fonds Commun de Placement ("FCP"). The William Blair FCP provides a tax-efficient fund vehicle aimed at benefiting non-U.S. based investors. Northern Trust will provide global custody, fund administration, investor-level tax withholding and management company services for the FCP, a tax-transparent entity established in Luxembourg through which investors may qualify for reduced withholding tax rates on equity dividends. William Blair selected Northern Trust for its expertise in developing and supporting contractual funds that optimize tax transparency and reduce withholding tax drag. See full press release