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Fund Administration
Even before its first close, Braemont Capital outsourced the administration of its funds and its management company, says Steve Sims, the firm's COO and CCO.
A new survey of management company expenses offers insight into spending priorities of PE firms and shows the importance of determine where there is overspending and where more investment is needed, writes Jeff Gendel, principal at Gen II Fund Services.
GPs often underestimate the effort and expertise required to service their management companies, but with the right resources, they can stay in the good graces of regulators and focus on delivering returns.
The relationship between the fund administrator and staff servicing the management company requires effective communication, corroboration and trust, and these can be easy to discount until things go wrong, says Gen II principal Michael Tesoro.
The fund administrator is changing its leadership structure due its growth in recent years, chief executive Steven Millner said in an interview.
The deal is the latest in Malta for the fund administrator, as it expands in the country.
Technology is impacting all areas of private equity, from portfolio management to origination and IR.
The 2022 Private Funds Leaders Survey confirms the strength of sentiment in the private markets despite the challenging macro conditions, finds Dan McNamara, chief strategy officer at MUFG Investor Services.
Greater Share, which was launched earlier this year, is a novel philathropy-meets-private equity initiative.
The fund administrator’s platform gives managers a standardize reporting option to give investors and regulators the data they need.