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Fund Administration

The 40-year private equity veteran told delegates at the 2020 forum about why he foresees private equity fees taking a hit.
Examiners are digging in on outsource contracts and firm oversight, even while a new rule – which the SEC says will harm competition – is pending.
Technology continues to improve the speed and accuracy of private market fund administration, but the bespoke nature of alternative assets still requires that ultimate old-school tool: human capital.
The fund administrator teamed up with a fintech company for blockchain-based valuation data, and it also bought a Canadian fund services group.
With investors asking for greater transparency, the new platform streamlines investor reporting, allocations, capital calls and portfolio accounting.
M&A blocks
The service provider also finished its acquisition of Modal Group division in Brazil.
The service provider launched a new offering following acquisitions over the past year.
The fund administrator’s new digital offering gives PE managers real-time fundraising information and enhanced analytics.
Fund managers should be ecstatic. Fund administrators should be happy too.
Socium hires Matthew Reynolds
The service provider has made a senior hire to capitalize on the growth of the private credit space.

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