The procurement firm will work with portfolio companies to cut costs as PE firms prepare to sell or reinvest with a business.
Most fund administrators use antiquated technology that doesn’t allow clients access to their data. Co-sourcing turns the tables on that, writes Celeste Barone of 4Pines Funds Services.
The tech provider aims to make calculating overall carry more efficient as firms struggle to attract and retain operational talent.
A person staring at a blackboard with images of money bags.
Service provider adds features to CitcoConnect to help with KYC/AML and subscription forms.
An illustration of a businessman standing in front of a growth chart
Service provider will use investment to add talent and scale its offerings.
Photo illustration for carried interest concept
Provider aims to make calculating overall carry faster and less error prone, and will soon offer automated employee-specific carry calculations.
An illustration of giant stacks of paper cash and coins, with people and a calculator.
Firm now offers features ranging from legal document reviews to disbursements.
digital image of information being processed, big data
GPs that can keep control of their data while partnering with a top service provider will be best prepared for tougher economic conditions and compliance requirements, writes 4Pines Fund Services’ Michael Trinkaus.
Fund administrators say their clients want a clear understanding of how they warehouse data and how it can link to their own operations.
Blue circuit board background of computer motherboard and magnifier glass with red zoomed virus zone. Investigation for cybersecurity.
Private funds managers urgently need to assess their exposure to a Memorial Day weekend hack that targeted managed-file-transfer supply chains.

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