Ultimus Fund Solutions acquires fund admin firm
21 August 2019 Cincinnati
Image: Shutterstock
Ultimus Fund Solutions is to acquire LeverPoint Management for fund administration services.
As part of the acquisition, LeverPoint will now operate under Ultimus LeverPoint Private Fund Solutions.
Heading up the firm as CEO will be David MacPhee, while Evan Audette of Ultimus has been appointed as the firm’s COO.
Ultimus' acquisition of LeverPoint was backed by Chicago-based private equity firm GTCR, which acquired both Ultimus Fund Solutions and The Gemini Companies in February this year.
LeverPoint, headquartered in New York, is an independent provider of full-service fund administration, accounting, tax and back-office support services to private equity, venture capital and real estate managers.
MacPhee said: "My team and I are excited to join Ultimus, which shares LeverPoint's commitment to client service. I'm confident the unified team will continue to provide the differentiated high-quality service we pride ourselves on while delivering a broader set of capabilities to our combined client base.”
Gary Tenkman, CEO of Ultimus, commented: "We're thrilled to join forces with LeverPoint and look forward to working together to continue to build on our shared reputation for high-quality client service. Together, Ultimus and LeverPoint represent a leading independent and integrated fund solutions platform for both registered and alternative fund managers.”
As part of the acquisition, LeverPoint will now operate under Ultimus LeverPoint Private Fund Solutions.
Heading up the firm as CEO will be David MacPhee, while Evan Audette of Ultimus has been appointed as the firm’s COO.
Ultimus' acquisition of LeverPoint was backed by Chicago-based private equity firm GTCR, which acquired both Ultimus Fund Solutions and The Gemini Companies in February this year.
LeverPoint, headquartered in New York, is an independent provider of full-service fund administration, accounting, tax and back-office support services to private equity, venture capital and real estate managers.
MacPhee said: "My team and I are excited to join Ultimus, which shares LeverPoint's commitment to client service. I'm confident the unified team will continue to provide the differentiated high-quality service we pride ourselves on while delivering a broader set of capabilities to our combined client base.”
Gary Tenkman, CEO of Ultimus, commented: "We're thrilled to join forces with LeverPoint and look forward to working together to continue to build on our shared reputation for high-quality client service. Together, Ultimus and LeverPoint represent a leading independent and integrated fund solutions platform for both registered and alternative fund managers.”
Next fund services article →
Aberdeen Standard Investments selects SS&C for transfer agency services
Aberdeen Standard Investments selects SS&C for transfer agency services
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
