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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......................

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