Diversified Trust selects SS&C to administer private equity fund-of-funds

Related Topics

Diversified Trust, a wealth management firm with USD7.5 billion in assets under management, has selected SS&C as fund administrator for its private equity fund of funds platform. 

SS&C will provide private equity administration, portfolio look-through reporting, tax services, treasury support services and investor AML/KYC compliance. Diversified Trust also uses SS&C Black Diamond within its wealth management business and SS&C Intralinks for its investor portal. SS&C's private funds administration solution enhances consistency across platforms and a streamlined process for tracking investors and interested party information ultimately simplifying private equity reporting for its retail customers. 

"Diversified Trust sought a partner with expertise in fund-of-fund structures with integrated technology solutions including document management and client reporting and offered visibility into the data," says Doug Turner, Principal and Director of Operations for Diversified Trust. "SS&C's comprehensive offering vastly improves fund accounting and reporting exceeding our clients' information and communications requirements on a single easy-to-use platform, so we can focus on helping our clients make decisions." 

"We are very pleased to expand SS&C's relationship with Diversified Trust to now include the administration of their private equity fund of funds focused on retailed investors," says Joe Patellaro, Managing Director, SS&C Private Equity Fund Services. "Our extensive experience in servicing the private equity segment, fund of funds and the retail investor space in particular has allowed us to develop a service model that is specifically responsive to this growing segment of the private equity market."