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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.
Service provider will use investment to add talent and scale its offerings.
Provider aims to make calculating overall carry faster and less error prone, and will soon offer automated employee-specific carry calculations.
Firm now offers features ranging from legal document reviews to disbursements.
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.
Former SS&C executive wants to further growth for service provider.
The service provider’s acquisition will lift Gen II's assets under administration past $1trn.
With a greater regulatory burden and investor expectations for speedy data requests, PE firms are collaborating with admins to co-source operations
The deal is the third technology solutions acquisition in three years for the administrator