Juniper Square recently hired Christine Egbert to be the service provider’s new general manager for fund administration, on the heels of a doubling in assets under administration in the past year.
Egbert joined the firm in early June and is charged with spearheading a further push for scaling the fund administration business, broadening Juniper’s offerings and increasing its team, she tells Private Funds CFO.
And Egbert doesn’t rule out acquisitions as part of the scaling.
“Everything is on the table,” she says.
Egbert is taking on an expanded version of a pre-existing role, which now includes “bringing new services and products to the market.” She adds that her other tasks involve team building and collaborating with the product team on a plan for future offerings.
The new general manager previously worked at investment management software provider SS&C, where she spent nearly two decades and last served as co-head of its private equity administration business for the Americas.
Asked what drew her to Juniper, Egbert says she likes that “over 1,800 GPs found something pretty special and differentiated with” the firm, referencing its sponsor client base. She also points to her “focused alignment” with Juniper on several matters, especially their “alignment on the goal to bring change to the private market administration industry.”
Key to this industry change is practicing “a modern administration approach.” She says this approach involves fund administrators assuming responsibility for helping GPs to traverse an “ever-changing environment” and in focusing on business drivers. It is also meant to complement current cultures and technologies.
Egbert says that the fund administration industry faces trends that include tighter deadlines to meet LPs’ data requests and in carrying out data management effective. Egbert notes that a firm like hers needs to “have the right tools” and processes for gathering, analyzing and managing data.
An interest in data management is not a surprise for Juniper given its size – the firm reports that its clients have over 500,000 LP relationships across more than 32,000 investment entities.