fd fund administration Industry Developments and News

The fd fund administration industry is constantly evolving, with new developments and trends emerging all the time. One notable trend is the increasing adoption of digital technologies, which is transforming the way fund administrators operate.

Fund administrators are now using cloud-based platforms to streamline their operations, improve efficiency, and reduce costs. This shift towards digitalization is driven by the need for greater flexibility and scalability.

The use of automation and artificial intelligence is also becoming more widespread, allowing fund administrators to process transactions faster and with greater accuracy. This is particularly important for high-volume funds that require rapid processing.

Regulatory requirements are also changing the landscape of fd fund administration, with new rules and guidelines being introduced to improve transparency and accountability. Fund administrators must now comply with these regulations, which can be complex and time-consuming.

Apex Fund Services continues to expand its presence in the fund administration market.

The firm has agreed to acquire private equity fund administration services provider Ipes, alongside Genstar Capital, from European private equity firm Silverfleet Capital.

This acquisition will propel Apex to the fifth largest fund administrator globally, with a total of almost 2,000 employees.

Assets under administration will also increase to circa $535 billion.

Apex Fund Services is clearly on a mission to grow and dominate the market, with this acquisition being the latest in a series of deals.

The firm's employee numbers will reach almost 2,000 and its total assets being serviced will increase to circa $535 billion.

The acquisition of Ipes will also bring significant assets under administration to Apex, propelling the Group to the fifth largest fund administrator globally.

Assets under administration will reach circa $535 billion.

Apex Fund Services' acquisition spree shows no signs of slowing down, with the firm continuing to expand its presence in the fund administration market.

Private equity firms often take a significant amount of time to close deals, with an average of 100 to 150 days from initial negotiation to final agreement. This prolonged process can make it challenging for fund administrators to accurately forecast and manage cash flows.

Private equity firms typically invest in companies with a high potential for growth, often focusing on industries with a strong market position.

CSC Global Financial Markets acquired PEF Services LLC, a provider of technology-enabled fund administration services to private capital firms and their investors.

PEF Services was founded in 2002 to support the unique compliance and reporting needs of U.S.-based small business investment companies, or SBICs.

These alternative investment vehicles have specific requirements that other service firms often struggle to meet due to their federally licensed status.

CSC, a global provider of business, legal, tax, and digital brand services, recognized the value of PEF Services' expertise in this area.

The acquisition of PEF Services by CSC Global Financial Markets is expected to enhance the capabilities of private capital firms and their investors.

Oak is expanding its presence in the fund administration space. The company has agreed to acquire International Administration Group (IAG), a local peer based in Guernsey.

Oak launched in March this year and has already established a significant presence with offices in various locations. Assets under Administration (AuA) for Oak stand at £20 billion GBP.

The acquisition of IAG will further strengthen Oak's fund services offering. Oak's business is the consolidation of Oak Trust Group, Consortia Partnership, and Kreston IOM, which have offices in Guernsey, Jersey, the Isle of Man, Malta, and Mauritius.

Circle Partners has made a significant move in the private equity market by acquiring Caledonian Global. This acquisition represents a strategic step in Circle Partners' expansion.

The acquisition will allow Circle Partners to administer more than $225bn worth of assets on behalf of its global fund manager client base. This is a notable milestone for Circle Partners.

This acquisition is reminiscent of TMF Group's acquisition of Goodbody Fund Management, which also aimed to expand its business in the Irish market.

MUFG Investor Services acquired Rydex Fund Services from Guggenheim Investments in a deal worth $95 million USD.

The acquisition added $52 billion to MUFG Investor Services' assets under administration, bringing its total to $422 billion.

MUFG Investor Services is the global asset servicing group of Mitsubishi UFJ Financial Group.

The deal was valued at £435 million GBP and $897 million USD.

Private equity firms often acquire companies in private deals, which means they're not publicly traded. This can be beneficial for both parties involved.

Private Equity Administrators (PEA) was a Scandinavian and Guernsey group that got acquired by Sanne. It's a significant deal, adding over 55 employees to Sanne's team.

Sanne, the global provider of alternative asset and corporate services, acquired PEA for up to €30.3 million. This is a substantial investment in the private equity space.

PEA had offices in Denmark, Sweden, and Guernsey, and was managing over €27 billion of assets under administration. This is a massive amount of assets, and it's clear why Sanne was interested in acquiring the company.

Apex Group is expanding its presence in Latin America with the acquisition of Banco Modal's alternative fund administration business in Brazil.

The deal brings around BRL70bn ($12bn) in assets under administration and custody to Apex.

This is a significant move for Apex, increasing its assets to $1trn.

As part of the deal, 75 Banco Modal employees will join Apex, increasing the latter's staff strength in the Americas to over 400.

The acquisition is expected to strengthen Apex's position in the Brazilian market and provide its clients with a broader range of services.

The fund administration industry has seen significant growth and consolidation in recent years. Apex Group Ltd. acquired Deutsche Bank's Alternative Fund Services business, adding $170 billion in assets under administration (AUA) and propelling Apex to become the eighth largest administrator in the world.

Apex Group has continued to expand its reach through strategic acquisitions, including the purchase of Edmond de Rothschild's third-party asset servicing activities based in Luxembourg. This acquisition brings 115 Edmond de Rothschild employees to Apex Group, increasing the total number of employees in Luxembourg to 1,200.

Other notable acquisitions in the fund administration space include TMF Group's acquisition of Goodbody Fund Management, adding over $225 billion in AUA, and Waystone Group's acquisition of Link Fund Solutions, adding more than $190 billion in assets under administration.

Apex Group has been on a buying spree, acquiring several fund administration businesses in recent years, including Deutsche Bank's Alternative Fund Services business, which added $170 billion in assets under administration (AUA) to its portfolio.

Apex now has a global reach and connected operating model, opening up 18 new investment jurisdictions to its clients.

TMF Group has also made a significant acquisition, purchasing Goodbody Fund Management and adding over $225 billion in AUA to its portfolio.

Gen II Fund Services has acquired Quilvest Luxembourg Services, which has more than $5 billion in AUA and employs 55 people.

Apex Group has acquired several other businesses, including FundRock, Edmond de Rothschild's third-party asset servicing activities, and Bank of America's Irish depositary business, Custodial Services (Ireland) Limited.

The acquisitions have propelled Apex to become the eighth largest administrator in the world and the largest independent administrator.

Apex now has a total of $2.5 trillion in AUA.

SS&C Technologies Holdings has also made several acquisitions, including CACEIS North America and CommonWealth Fund Services, adding more than $100 billion in AUA to its portfolio.

The acquisitions have increased SS&C's assets under administration to over $1 trillion.

MUFG Investor Services has acquired Rydex Fund Services, adding $52 billion in AUA to its portfolio and bringing its total AUA to $422 billion.

Northern Trust has acquired Omnium, a fund administrator that had $70 billion in hedge funds assets under administration.

The acquisition has increased Northern Trust's assets under administration and custody to $9.3 trillion.

BNY Mellon has acquired Milestone Group, a leading provider of fund management technology, and has also announced plans to acquire Strata Fund Solutions, which would result in a firm with about $1 trillion in assets under administration.

Alter Domus is acquiring Strata Fund Solutions, which would result in a firm with about $1 trillion in assets under administration.

Apex Group has become the largest independent administrator in the world, with over $2.5 trillion in AUA.

TMF Group has expanded its business in the Irish market with the acquisition of Goodbody Fund Management.

Gen II Fund Services has acquired Quilvest Luxembourg Services, which has more than $5 billion in AUA.

SS&C Technologies Holdings has increased its assets under administration to over $1 trillion with its recent acquisitions.

MUFG Investor Services has acquired Rydex Fund Services, adding $52 billion in AUA to its portfolio.

BNY Mellon has acquired Milestone Group, a leading provider of fund management technology.

Northern Trust has acquired Omnium, a fund administrator that had $70 billion in hedge funds assets under administration.

The acquisitions have increased the assets under administration and custody of the companies involved, with some of them now having over $1 trillion in assets under administration.

Sudrania has made a significant move in the fund administration space by acquiring Triple Leo Consulting. This acquisition has made Sudrania a global market leader in digital assets fund administration.

TLC's founder, Mike Quinn, has joined Sudrania in an advisory role, bringing his expertise to the table.

Sudrania's growing team now includes the entire staff of Triple Leo Consulting. This acquisition has expanded Sudrania's capabilities and expertise in the field.

Sudrania now serves over 150 clients dedicated to crypto assets.