Colmore to open in Dallas

The fund services and technology firm has also appointed a business development lead in New York.

Colmore, the UK-based fund services firm, will open its second US office in Dallas in August.

An eight-person team will service existing US-based clients and will carry out investor reporting and portfolio monitoring.

“New US clients will also be serviced through a combination of this office and our existing San Francisco office,” said Ben Cook, chief executive of Colmore.

The firm has also appointed Kevin Watson as business development lead and vice-president of sales. He will be based in New York.

Colmore, which span-out of private equity firm Capital Dynamics in January launched an in-house fund reporting tool in April. The Fee Allocating Incentive Reporting service aims to tap into limited partners’ desire for more transparency on reporting data.