Funds Industry Report - Flipbook - Page 18
Karen Malone Centaur Fund Services
any time and across multiple jurisdictions with
complete transparency.
Ireland’s Position In The Private
Equity Sector
Fund administrators such as Centaur are in an
ideal position to handle the necessary infra-
Ireland is well positioned to serve the private
structural and reporting demands to full
equity markets, especially with the recent
these needs. We ensure open, transparent,
launch of the reformed Irish Limited Partner-
customizable and most importantly, secure
ship Law (ILP 2.0). The number of PE funds
reporting, based on client requirements. Cen-
being set up in Ireland is rising steadily as the
taur has invested heavily in technology which
country establishes itself as a leading fund
has been specically developed to support its
domicile in Europe with a sound regulatory
PE clients. Clients can reap the benets of
environment. Additionally, with Brexit looming,
these systems without the cost and time asso-
Ireland is set to be the only English speaking
ciated with implementing and maintaining
EU member state which makes it even more
them in-house.
attractive to PE funds.
The Growth Of Hybrid Fund
Administration
The Future Of Private Equity In
Ireland And Beyond
Over the past few years we have also seen the
As the market evolves, I believe PE funds will
development of funds displaying characteris-
continue to be challenged to ensure they offer
tics of both hedge funds and PE funds. These
the best services and performance in a market
hybrid vehicles are typically structured as
that is becoming increasingly regulated and
closed end vehicles and their portfolios com-
complex. Additionally, managers need to be
prise both private and public securities. Thus,
able to function in multiple domiciles in order
administrators need to deploy technology and
to fully cater for their investors’ needs and to
processes which can service closed end limited
facilitate investments.
partnership type structures, yet deal with mark
At Centaur, we are in a position to meet the
to market valuations and securities trading.
growing needs of the sector worldwide. Our
Rather than supplying a suite of individual
ability to tackle the regulatory and investor
products, Centaur acts as a single source to
reporting demands of complex investment
clients where we deliver overall administration
structures across multiple jurisdictions make
solutions, covering both hedge funds and
us an ideal partner for GPs who want to avoid
private equity funds. As a result, we have
the costs of implementing this infrastructure
attracted a number of credit and loan focused
in-house.
funds that are enjoying the benets of having a
In fact, I rmly believe that the private equity
single port of call that incorporates elements of
sector is going to continue to be a major driver
both private equity and hedge funds.
of the Irish funds industry and in Centaur’s
business growth in 2020 and beyond.
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