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Certain beliefs – like in-house staff will be sufficient in the long run – may have been true in the past, but no longer are the case.
When outsourcing management company administration, firms should pinpoint what's crucial when considering functionality, service and connectivity, says Michael Pollack, head of client delivery and innovation for Gen II Fund Services.
For more than a decade, Corsair Capital has outsourced the administration of both its management company and funds, so we sat down with CFO Paul Cabral to discuss how that approach has fared in the long term.
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.