Continued consolidation expected for fund admins

A recent alternative fund administration survey, carried out by eVestment, highlights continued and robust levels of M&A in the space, as well as revealing top locations for growth and ILPA template reporting moving into the mainstream.

Here is an overview of the key findings.

Continued M&A throughout 2018Activity highlights:

• Apex Group acquired nine fund administrators between Jan 1 2018 and Q1 2019
• SS&C completed purchases of software providers DST and Eze Software
• State Street completed acquisition of Charles River Systems

“We have seen significant activity from private equity investors investing in private capital service provider businesses and forming European and global players.