This year's report dives deeper into why the management company may be the next frontier of outsourcing.
NEW YORK, July 11, 2022 /PRNewswire-PRWeb/ -- Private Funds CFO Management Report 2022
Management companies for private funds are like a water heater or furnace, a necessity that requires care and maintenance, but doesn't command attention until they stop working. This is why GPs should know how much time, staff and expertise is required to service management companies today.
In this special report, published by Private Funds CFO and sponsored by Gen II Fund Services, we examine the high stakes around management companies, given the regulatory sensitivity around fees and expenses, and the eagerness on the part of investors for reassurance that a firm's back office is above reproach.
"We service clients of all sizes and strategies, and they know how to fundraise, source deals, and manage investments," said Michael Pollack, head of client delivery and innovation at Gen II Fund Services. "But they can underestimate the critical nature and time commitment associated with the management company until they realize that all the duties add up to a great deal of work."
"We have seen instances when LPs have demanded a manager bring in a service provider to handle the management company, to prevent tax and regulatory problems," said Luis Gutierrez, a managing director with Gen II Fund Services. "Part of the value of outsourcing is being able to leverage collective intelligence, built over years of service. And that also means selecting a service provider that can service the firm no matter how large or complex it gets over time," Pollack says.
To download the report, click here: https://bit.ly/3OUxIEA.
Notes to Editors:
About Private Funds CFO https://www.privatefundscfo.com/
Managing private market funds is getting harder. Managing a private market firm harder still. We know the challenges CFOs face. How? Our deep connection with the CFO community through our events and information products spanning private equity, real estate, infrastructure and private debt.
We know there's a lack of information available to help CFOs navigate risk and build better businesses. Private Funds CFO will change that.
About Gen II Fund Services, LLC http://www.gen2fund.com/
Gen II is a leading fund administration provider focused entirely on serving private capital asset managers and investors. Since its inception in 2009, the company has become one of the largest independent private capital fund administrators, with more than $850 billion of private fund capital under administration. Gen II offers private fund sponsors a best-in-class combination of people, process and technology, enabling GPs to most effectively manage their operational infrastructure, financial reporting and investor communications.
Media Contact
Chase Collum, PEI Media, 1 (212) 796-8336, [email protected]
Jeff Gendel, Gen II Fund Services, LLC, (212) 408-0501, [email protected]
SOURCE Gen II Fund Services
Share this article