On July 13th, 2018 SGG Group (SGG) announced the Acquisition of Augentius Fund Administration (Augentius). Convergence created a “pro-forma” view of the Private Assets and Funds of the combined firm. The newly combined firm has fund administration relationships with 271 private funds with $49.16bn in Private Fund Assets.
On June 6th, 2018 Apex Fund Services (Apex) announced the Acquisition of IPES Private Equity Funds Services (IPES). Convergence created a “pro-forma” view of the Private Assets and Funds of the combined firm. The newly combined firm has fund administration relationships with 653 private funds with $143.83 in Private Fund Assets.
Premium Point Investments LP Form ADV Private Fund Valuation Disclosures Structured Credit and Distressed Asset Funds Convergence Insight #24 – May 2018
Convergence Insight #23 – Capital Flows into Alternative Asset Funds for Q1 2018
Across the alternative asset management industry, Convergence research shows the ratio of men/women in leadership positions is 4.1:1. Four years ago this ratio was 4.4:1. At this slow pace of change, women in leadership roles will equal men in ten years. See below for a further breakdown across market segments and leadership functions.
On April 11th, 2018 Ultimus Fund Solutions (Ultimus) announced the acquisition of Woodfield Fund Administration (Woodfield). The newly combined firm has 108 private fund administration relationships with $9.85BN in Private Fund Assets.
Convergence March 2018 League Tables are now live!