Private Fund Admin is a Revolutionary Change in Fund Administration
Downers Grove, Illinois, USA, Mar 10, 2023 – Private Fund Admin, a new and innovative technology platform that streamlines the private fund administration process by making it faster and more efficient, is now available from Formidium, a global leader in third-party fund administration and back-office technology solutions. The platform creates a significant competitive advantage, provides a cost-effective solution, and allows our clients to focus on their core business activities.
Private Fund Admin is a full-service customizable fund administration solution for small, medium, and large-scale funds anywhere in the world. The platform is a dedicated doorstep solution for private fund administration businesses that simplifies the complexities in coordination between fund managers and investors by providing all the services in one place. Private Fund Admin addresses the complexities associated with unique structures (cross-border and single/multiple LLC structures), the wide range of private fund administration services (fund setup, ongoing operation/administration solutions, investor KYC/AML, NAV calculations, investor statements, compliance support, and up to the fund’s end-of-cycle accounting), and covers a variety of asset classes (real estate, private investments, private equity, hedging activity, alternative investments, crypto/tokens and more).
“In an investment ecosystem that’s changing rapidly, the Private Fund Admin platform meets the needs and objectives of stakeholders by addressing the segmental challenges and focus-specific requirements. We’re excited to announce this service and offer it to more clients while providing them with the highest level of service and satisfaction,” said Nilesh Sudrania, Founder and CEO of Formidium.
Formidium is a Leading global innovative technology-enabled fund administrator and investment back-office technology solutions provider, based in Downers Grove, Illinois. The platform has three proprietary technology applications: Seamless, CommonSubDocTM and Marketplace. Formidium’s operations and technology are SOC 1, SOC 2, and SOC 3 audited. Formidium provides world-class services globally for a variety of fund managers and their private funds using this platform.
Formidium has served more than a thousand clients with its Private Fund Admin services which are provided by a global team of over one thousand resources. The experienced professionals at Formidium tailor comprehensive, effective, and efficient services for their clients through the entity's entire lifecycle and based on their unique needs, with robust internal controls for accuracy and timely delivery for both US and non-US private funds with fund managers or investors.
To learn more about Private Fund Admin and start benefiting from the platform, private fund managers and operators can: