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Bailey McCann, Opalesque New York: Private markets GPs continued to adopt third-party fund
administration at a rapid clip, according to data from the latest eVestment Fund Administration Survey. The median respondent grew
real assets AUA by +20.64% year-over-year and private
equity and debt AUA by +11.35%.
Participating firms reported private equity, hedge fund,
real assets, funds of funds and liquid alternatives assets
under administration of $10.00 trillion, an increase of
+18.78% year-over-year.
Private equity and private debt continue to lead overall growth in the industry. Among firms reporting yearend 2017 and year-end 2018 AUA, 17 out of 21
achieved net positive AUA growth year-over-year
and the median private equity and debt administrator saw year over year
growth of +11.35% compared to the +25.12% rate
reported in the prior year's survey.
Hedge fund AUA also increased by +4.02%. Industry aggregate AUA gains tracked
closely to the median firm year over year growth rate of
+4.13%; the average growth rate was significantly
better than the median measuring +10.37% year over year. Perhaps surprisingly, the fund of hedge funds segment saw robust growth in 2018 with
aggregate AUA increasing +12.80% relative to
the prior survey period. Liquid alternatives and UCITS AUA also increased.
Fund administrators emphasized the build out of
front-/middle-office and data management offerings as
a means to servicing more of their clients' needs and to
increasing wa...................... To view our full article Click here
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