Transatlantic Alliance Strengthens Private Equity Fund Services
GUERNSEY, Channel Islands & SAN FRANCISCO--(BUSINESS WIRE)-- European-based Ipes and U.S.-based Standish, boutique providers of fund services to managers of private equity, venture capital, real estate and fund of funds, today announced a strategic partnership agreement. Under the partnership, Standish and Ipes will work together to share their specialized private equity knowledge, experience and contacts in their respective U.S. and European markets. As a result, both firms and their clients will benefit from enhanced cross-jurisdictional capabilities and access to a transatlantic network. Furthermore, Standish’s clients will be able to gain access to Ipes’ corporate services and European regulatory expertise.
The new alliance gives U.S.-based fund managers access to experts in European fund structures and new European regulatory requirements, including AIFMD depositary. Likewise, European managers will gain access to experts in U.S. structures and tax complexities, which is especially important in the current legislative climate as managers are required to comply with FATCA and other tax exchange agreements.
Ipes’ Commercial Director Justin Partington said, “We are really excited about this next stage of the Ipes journey as we continue to develop and grow the business. Standish appealed to us as our U.S. partner on the basis of their success. They have grown rapidly through their excellent client relationships and high-quality customized service delivery. We look forward to sharing experiences and developing new relationships with them over the years to come. Now is a particularly good time to establish this partnership as both European and U.S. fund managers cope with AIFMD and FATCA.”
“We’re delighted to forge a transatlantic partnership with Ipes. As Standish has grown and our clients’ global needs have expanded, we have looked to Europe to find a partner that shares our values and commitment to having the best people, client service and technology,” said Robert Raynard, Managing Partner of Standish. “We are looking forward to leveraging the partnership, particularly for our clients that have a European domiciled fund structure and need an AIFMD depositary. Fund managers on both sides of the Atlantic will benefit from the collective knowledge and expertise that our organizations are known for in their respective markets.”
The Ipes group specializes in European private equity fund services, managing in excess of $72 billion of assets for more than 100 clients, 250 funds and 9,000 investors worldwide. Over 160 experienced professionals work from four full-service offices in London, Luxembourg, Jersey and Guernsey.
Ipes was established in Guernsey in 1998 and is now one of Europe’s leading providers of private equity fund services. Ipes pioneered a specialist approach to private equity fund services based on trust, expertise and working in partnership with clients.
Ipes is ranked sixth globally based on private equity assets under administration by ICFA magazine and second in Guernsey by Monterey in the 2013/2014 Fund Encyclopaedia. Ipes is ISAE 3402 and AAF 01/06 accredited.
Ipes has won several leading industry awards in the last three years including, Funds Europe Awards – European Specialist Administrator of the Year 2011 & 2012, ACQ Awards – International Fund Administrator of the Year 2012 & 2013, ACQ Awards – Fund Administrator of the Year in the UK 2011, and Private Equity Awards - Specialist Professional Services Firm 2010.
For more information visit www.ipes.com.
Standish is an employee owned company that provides consulting and administration services to private equity, venture capital, real estate and fund of funds firms. Standish provides fund services to more than 90 clients, 275 funds and 10,000 investors worldwide, that manage over $30 billion in committed capital. Founded in 2006, Standish is based in San Francisco with offices in Los Angeles, Palo Alto, Boston, Seattle and Dallas.
Standish provides a range of consulting and technology services including web-based financial reporting to investors, fund administration, capital call and distribution management and performance calculations. The Standish team of professionals includes 37 CPAs and Chartered Accountants. For more information, visit www.standishmanagement.com.