TMF Group acquires PartnersAdmin to expand into North American market
22 March 2023 US
Image: zenobillis
Global administrative service TMF Group has acquired PartnersAdmin, a fund administration provider.
As part of the mandate, TMF Group will administer more than US$215 billion worth of assets on behalf of PartnersAdmin’s global fund manager client base.
Founded in 2008 and headquartered in California, PartnersAdmin provides fund managers with the integration of portfolio, partnership and investor accounting. It has a portfolio of fund clients across multiple states, including California, Texas, New York and Colorado.
The acquisition is part of TMF Group’s expansion into the North American market, particularly in the US. In 2021, the company acquired Venture Back Office, a third-party provider of solutions for private equity, real assets, credit and emerging manager funds.
In January 2022, TMF Group acquired Paraty Capital, a Brazilian fund administration platform focused on private equity, real estate, infrastructure, venture capital and private debt funds. The acquisition enables TMF Group to compete for larger funds mandates in the Brazilian market, particularly with large US managers.
Lisa Wilcox, North America market leader at TMF Group, says: “This deal reflects how attractive the North American market is due to its concentration of private equity firms and ease of doing business.
“This is our second US acquisition in the fund administration space and besides bolstering our presence in North America and complementing our existing footprint, it will expand our offering to our national and international clients. We are looking forward to welcoming everyone from PartnersAdmin into TMF Group.”
Mark Howells, co-founder of PartnersAdmin, adds: “TMF Group’s global footprint, along with the very high standards of services and solutions, will be beneficial to our clients and employees. We are pleased to join such a global organisation, and we are sure this is the beginning of an exciting journey with such a first-rate provider in the marketplace.”
As part of the mandate, TMF Group will administer more than US$215 billion worth of assets on behalf of PartnersAdmin’s global fund manager client base.
Founded in 2008 and headquartered in California, PartnersAdmin provides fund managers with the integration of portfolio, partnership and investor accounting. It has a portfolio of fund clients across multiple states, including California, Texas, New York and Colorado.
The acquisition is part of TMF Group’s expansion into the North American market, particularly in the US. In 2021, the company acquired Venture Back Office, a third-party provider of solutions for private equity, real assets, credit and emerging manager funds.
In January 2022, TMF Group acquired Paraty Capital, a Brazilian fund administration platform focused on private equity, real estate, infrastructure, venture capital and private debt funds. The acquisition enables TMF Group to compete for larger funds mandates in the Brazilian market, particularly with large US managers.
Lisa Wilcox, North America market leader at TMF Group, says: “This deal reflects how attractive the North American market is due to its concentration of private equity firms and ease of doing business.
“This is our second US acquisition in the fund administration space and besides bolstering our presence in North America and complementing our existing footprint, it will expand our offering to our national and international clients. We are looking forward to welcoming everyone from PartnersAdmin into TMF Group.”
Mark Howells, co-founder of PartnersAdmin, adds: “TMF Group’s global footprint, along with the very high standards of services and solutions, will be beneficial to our clients and employees. We are pleased to join such a global organisation, and we are sure this is the beginning of an exciting journey with such a first-rate provider in the marketplace.”
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