State Street tops fund admin rankings

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.