State Street tops fund admin rankings

The firm serviced 820 private equity funds in 2013, according to fresh research.

State Street Alternative Investment Solutions topped eVestments’s fund administrator league table after working on private equity funds collectively managing $305 billion in Q4 2013.

The figure marks a 5 percent increase in total fund administration work the firm undertook in Q2. In all of 2013, State Street serviced 820 private equity funds, managing on average $343 million in capital commitments.

The second busiest fund administrator was Citi, who worked on 461 funds totaling $137 billion in Q4, representing an 8 percent increase on its Q2 work.

Looking solely at Asia-Pacific, State Street, Citi, and Deutsche Bank were the top three administrators with $27.4 billion, $17.16 billion, and $11.60 billion worth of private equity capital under their respective watches.

Citi ($5.97 billion), Maples Fund Services ($2.78 billion), and Apex Fund Services ($1.70 billion) were the largest Latin America, Middle East, and Africa private equity administrators.

The total private equity assets under administration (or AUA) among the 28 firms studied was $878.6 billion at the end of 2013.