Tillman hires fund administration veteran 06 December 2018Chicago Reporter: Maddie Saghir
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Chris Rakers has joined Tillman Private Equity Services (Tillman) as managing director.
In his new role, Rakers will lead Tillman’s fund administration and outsourced CFO business.
Rakers has over 14 years of experience in the private equity and hedge fund industry, most recently as a senior manager at NAV Fund Administration Group.
Prior to this, Rakers served as COO at Custom House Fund Services where he managed a 200 plus person fund administration team across the US, Europe, and Asia. He began his career as a fund accountant at Northern Trust.
Commenting on his appointment, Rakers said: “I’m excited to join Tillman and work alongside a truly dynamic team that has deep roots in the private equity and SBIC space.”
“Increased demand from limited partners, regulators, and auditors for technology and transparency are driving this current shift towards an outsourced fund administration model for private equity funds. Tillman’s exceptional reputation, first-class talent, and focus on innovation made this a really attractive opportunity for me.”
John Signa, managing director of E78 Partners, LLC., said: “We are thrilled to have Chris Rakers join our growing team and lead Tillman through this next phase of growth. Tillman’s fund administration business complements E78 and solidifies our complete front to back office solution for private equity funds, GPs, and the portfolio companies they invest in.”
Gary Modrow, managing director of E78 Partners, commented: “The shift towards outsourced Fund Administration in the private equity space continues, and Rakers’s experience and knowledge of the industry will be valuable as we navigate through changes in regulation and the evolving needs of GPs and LPs.”
“We see a lot of parallels in the recent trend for outsourced fund administration in private equity and the evolution of hedge fund administration over the past decade, and believe Tillman is well-positioned for exponential growth in the coming years.”
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