Credence Consulting Pte Ltd’s Post

How to find the best-suited fund admin? There is no one-size-fits-all approach when selecting a fund admin, and today’s industry is constantly evolving with new services and possibilities for fund managers. This is why, in advising GPs on their outsourcing strategies, we emphasize five key areas to consider, designed to help select the most suitable administrator and minimize risks during the selection process. Explore our 5 considerations 👉 https://lnkd.in/eHvqPKHj Jonathan Connelly | Eunice Cho | Holland Mountain | PE Stack by Holland Mountain #privateequity #privatemarkets

Fund managers are increasingly outsourcing administration and custodianship to enhance efficiency and cut costs. Our latest blog explores the advantages this can offer: 🔗 https://okt.to/wVhrny Amongst the key benefits are: 𝟭. 𝗖𝗼𝘀𝘁 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝟮. 𝗘𝘅𝗽𝗲𝗿𝘁 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝟯. 𝗦𝗰𝗮𝗹𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝟰. 𝗥𝗶𝘀𝗸 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝟱. 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗰𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝟲. 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝘀𝗲𝗿𝘃𝗶𝗰𝗲 𝗹𝗲𝘃𝗲𝗹𝘀 Read the blog to discover how we can provide high-quality, client-centric, innovative, and tailored services to meet diverse requirements. #Finance #Outsourcing #FundManagement #ApexGroup #Efficiency #Scalability #RiskManagement

Exploring the SPV Framework : A Strategic Approach under IFSCA Fund Management Regulations 2022 The International Financial Services Centre Authority (IFSCA) has proposed to introduce a framework for creating Special Purpose Vehicles (SPVs) under controlling schemes to promote ease of doing business and support the alternative investment industry in IFSC vide a consultation paper dated 09 January 2025. The key areas are explained hereunder. Objectives · Facilitate co-investment by multiple investors alongside the controlling scheme. · Enable leveraging at the SPV level to enhance the investment potential. SPV Structure · Only fund management entities (FME) registered with the IFSCA can establish SPVs. · Eligible investors shall be the controlling scheme, its current investors or its affiliates or other investors. · Controlling scheme must hold at least 50% ownership in the SPV. · The tenure of SPV shall coincide with the controlling scheme and shall dissolve upon closure of controlling scheme. Investments and Operations · SPVs shall invest in a single portfolio company, with exceptions for securities resulting from corporate actions. · Co-investment, leveraging, or both, ensuring investment strategies aligning with controlling schemes shall be permissible. · Leveraging shall be limited to thresholds defined in the controlling scheme’s private placement memorandum. Compliance, Disclosures and Other requirements · A Term Sheet shall replace the need for a detailed PPM and shall be filed within 21 working days of investment. · For valuation, NAV computation, KYC requirements, the existing fund management regulations shall apply. · No requirement of contribution by FME in the SPV. · The decision-making authority shall be vested with the FME. Implications · The SPV framework enhances investment flexibility, simplifies regulatory processes, and promotes investor collaboration, leading access to exclusive deals that may not be available in broader fund pools and would also allow investors to cherry pick the investments. · Ensures transparency, cost efficiency and centralized decision-making, making IFSC an attractive destination for diverse investors. #IFSCA #SPVFramework #FundManagement #AlternativeInvestments #FinancialGrowth #InvestmentOpportunities

Why are private equity real estate firms increasingly outsourcing fund administration? 🏙️ With rising economic challenges and growing regulatory demands, firms are looking for ways to stay agile and compliant. Outsourcing is helping them focus on what matters most—managing investments and driving growth—while leaving the complex administration to trusted experts. Discover how fund administration services are evolving to meet these new pressures. https://lnkd.in/eu2ceEru #vistrafundsolutions #vistra

IFSCA: PROPOSES OVERHAUL OF FUND MANAGEMENT REGULATIONS, TO MAKE THEM ‘FUTURE-READY' IFSCA floats a Consultation Paper on review of the IFSCA (Fund Management) Regulations, 2022, to further IFSCA’s commitment to the development of GIFT IFSC as a preferred global jurisdiction for fund management activities and to make the Fund Management Regulations ‘future-ready’; Authority inter alia proposes measures aimed at enhancing Ease of Doing Business in IFSC, for bringing in efficiency by streamlining processes/timelines, reducing operational issues and the compliance burden; Some proposals are aimed at introducing additional safeguards, given the notable pace of growth of fund management activities in IFSC, so as to promote a healthy culture of compliance is nurtured amongst the FMEs (FM entities); Further, IFSCA recommends also certain measures to address drafting related issues, enhance readability of the FM Regulations or provide clarity of the regulatory intent: IFSCA

IFSCA: MODIFIES DISCLOSURE NORMS FOR FUND MANAGEMENT ENTITIES TO INFUSE FURTHER EASE IN DOING BUSINESS   IFSCA, in order to infuse further ease in doing business in the fund management ecosystem at the IFSC, states that “…for all schemes or funds to be launched under Chapter III….of the FM Regulations, the Fund Management Entity (FME) shall submit the Private Placement Memorandum (PPM) along with other documents ensuring minimum disclosures and other requirements…to the Authority.”; Specifies that after filing these documents along with the disclosures and complying with other requirements stipulated in this circular FMEs may launch the respective schemes, and that the IFSCA will also, in due course, establish a web portal for filing of scheme documents before offer is made; Outlining the minimum disclosures to be made in the PPM of each scheme/fund, requires FMEs to ensure that the PPM of each Scheme or Fund contains inter alia - (i) a detailed illustrative/ diagrammatic/ graphical representation of the Scheme or Fund Structure, (ii) broad details of the target investors and portfolio investments, and (iii) principal terms defining the fund offering, target investors, etc; Specifies that the FME may extend the validity of the placement memorandum beyond 6 months as provided under 19(3) and 31 (2) of the FM Regulations by refiling the documents with the Authority and paying the applicable fee: IFSCA

📢 Check out Centralis Group's latest thought leadership on enhancing fund administration through co-sourcing partnerships. Combining in-house expertise with external support, co-sourcing offers fund managers: - Flexible scalability and improved efficiency - Cost savings while maintaining compliance - A balance of control and collaboration This strategic approach allows firms to adapt to regulatory challenges and sharpen their investment focus. Dive into the full insights to see how it could benefit your operations. 💡 Could co-sourcing transform your fund management? Drop me a message for more info. #ThoughtLeadership #FundAdministration #CoSourcing #Compliance #PrivateEquity

Precision and accuracy are paramount in the complex world of fund accounting and fund administration. Among these complexities lies the calculation of a waterfall distribution, which requires a skilled and highly experienced team of people. A waterfall distribution calculation is an approach to guide how the proceeds from an investment fund will be allocated to the investors, LPs, and GPs. This method is compared to a waterfall due to its similarity to the structure and flow of one. Essentially, the flow of proceeds must clear a certain benchmark before moving onto the next distribution. Waterfall distributions are time consuming and difficult, but are incredibly valuable to the process of fund management since they provide crucial information about the allocation of profits and priorities of investors and GPs. The main components of waterfall calculations are return of capital, preferred return, GP catch-up, and the remaining distributions. These components are highlighted in the diagram below, emulating the structure and flow of a waterfall. But, why do accurate waterfall calculations matter? They result in:  🎯Fairness and transparency in the distribution of profits  🎯Regulatory compliance because they prevent fines and sanctions that are harmful to a funds reputation  🎯Optimization of fund performance Partnering with a skilled fund administrator is the key to successful fund management, given the level of expertise that a fund admin is able to provide. A proficient fund administrator is thorough, detail oriented, and ensures all aspects of fund accounting have been taken care of with the highest degree of accuracy. Working with a capable and highly experienced fund administrator like Fintech FS will not only allow for operation efficiency, but will be the key to integrity and success within the fund. Reach out to us to learn more about our fund accounting services! #FundAdministration #VC #PrivateEquity #WaterfallDistribution #VentureCapital #HedgeFunds #FundAccounting #FundManagement #InvestorRelations

Hitting revenue targets is every company’s goal. With the right fund administration techniques, you can position your company to exceed revenue targets. https://lnkd.in/gb8Rk8-f #outsourcingaccounting #professionals #BPO #FinanceandAccounting #CFO #ProfessionalServicesFirms

Record Asset Management GmbH (RAM), part of Record Financial Group (Record plc), an asset management firm with over US$100bn in assets under management (AuM), has partnered with OWI Group PLC (OWI), a global leader in Sharia-compliant investment, to launch the world’s first Sharia-compliant Deep Tier Supply Chain Finance (DTSCF) platform. The platform aims to raise US$1bn in initial commitments. #supplychiafinance #sharia #islamicfinance #bcrnews