According to GuernseyFinance the value of private equity funds under management and administration has risen by more than 400 percent since 2004. Seeking to capitalize on this industry growth, IAG chose SunGardâs Investran to help it offer a bespoke service to its expanding private equity customer base.
Chris Cochrane, managing director of IAG Private Equity Limited, said: âTimely, automated production of accurate and reliable information is critical to providing high quality private equity fund administration services. As a dedicated private equity solution, Investran will help us to both deliver this information and to service a sophisticated range of funds in the private equity arena.â
David Earles, systems and project director at IAG Private Equity Limited, added: âWe have chosen Investran because we believe it is a leading private equity administration system which will help us to enhance our private equity client service capabilities.â
Emanuel Mond, president of SunGardâs alternative investments business, commented: âGuernsey firms have responded to the growth in alternatives by developing their capabilities to facilitate the more complex administration of funds. In this respect, IAG joins an increasing number of fund administrators that are turning to SunGardâs Investran for their accounting and reporting services as the demand to support specialized funds continues.â