For more than a decade, Corsair Capital has outsourced the administration of both its management company and funds, so we sat down with CFO Paul Cabral to discuss how that approach has fared in the long term.
A new survey of management company expenses offers insight into spending priorities of PE firms and shows the importance of determine where there is overspending and where more investment is needed, writes Jeff Gendel, principal at Gen II Fund Services.
The relationship between the fund administrator and staff servicing the management company requires effective communication, corroboration and trust, and these can be easy to discount until things go wrong, says Gen II principal Michael Tesoro.
Private markets managers now recognize that ESG integration is a vital ingredient for remaining relevant in the market, says MUFG’s product development director for funds, ESG and digital assets, Jack Lee.
Direct lending managers are looking for partners to take the reins on day-to-day operations as they navigate rapid expansion, says MUFG’s Treabhor Mac Eochaidh, executive director and head of debt services.
With cyber-threats evolving rapidly, managers need to build proper systems and make sure security is at the heart of business transformation, technology and innovation, says Rich Itri, chief innovation officer at ECI.