Ocorian completes acquisition of E78 Fund Solutions

Ocorian, a premier global asset servicer to both asset managers and asset owners, is pleased to announce the successful completion of its acquisition of E78 Fund Solutions from Element 78 Partners LLC, its second US acquisition in the last 12 months. This significant milestone marks the beginning of an exciting new chapter for E78 Fund Solutions as they join forces with Ocorian to enhance their service offerings and expand their global footprint.

The acquisition, which was finalized earlier this week, will see E78 Fund Solutions rebrand to Ocorian later this fall. This strategic move allows the combined organization to leverage their strengths and resources, providing each firm’s clients with new exceptional and innovative solutions in key markets.

The E78 Fund Solutions Management team will become part of Ocorian as Vince Calcagno E78 Fund Solutions Partner and Executive Managing Director becomes Ocorian’s Head of Growth for the US and Paul Fitzpatrick, Partner and Senior Managing Director at E78 Fund Solutions becomes the Head of Fund Operations for the US.

Chantal Free, Chief Executive Officer at Ocorian, said: “E78 Fund Solutions’ comprehensive suite of outsourced CFO solutions, fund administration, tax and compliance services for alternative fund managers, combined with a strong presence in key US regions close to our clients, makes this a great partnership for Ocorian. Together, we’re able to unlock new value for asset managers by supporting them across the full lifecycle of their funds wherever they may want to conduct business. The US is a crucial location for our clients, and the expert capabilities of E78 Fund Solutions will enhance our service offering for our clients looking for global solutions. 

"We are thrilled to have officially become part of the Ocorian family," said Vince Calcagno, Head of Growth for the US. "This acquisition represents a tremendous opportunity for us to enhance our capabilities and deliver even greater value to our clients in both the US and in international markets. We are committed to ensuring a seamless transition and maintaining the high standards of excellence that our clients have come to expect."

As part of the acquisition, E78 Fund Solutions will rebrand to Ocorian by adopting the Ocorian name and brand identity in October.

About Ocorian

Ocorian is a global leader in corporate and fiduciary services, fund administration and capital markets. 

Supporting and protecting global investment is Ocorian’s priority; it manages over 17,000 structures on behalf of 8,000+ clients, including financial institutions, large-scale international organisations, and high-net-worth individuals.

Ocorian provides fully compliant, tailored solutions that are individual to clients’ needs, no matter where in the world they hold financial interests, or however they are structured. 

The group offers a full suite of corporate, fund and private client services across a network of offices spanning all the world’s financial hubs. Locations include Bermuda, BVI, Cayman, Denmark, Guernsey, Finland, Hong Kong, Ireland, Isle of Man, Jersey, Luxembourg, Mauritius, Netherlands, Norway, Singapore, Sweden, UAE, the UK, and the US.

About E78 Fund Solutions

E78 Fund Solutions, now part of Ocorian, is a leading US-based provider of finance, accounting, tax, and compliance solutions for alternative investment fund managers. Supporting nearly 200 managers with over $85 billion in assets under management, the firm delivers tech-enabled services across the full fund lifecycle, from start to scale – from fund formation and outsourced CFO to administration and regulatory reporting. Deeply rooted in the private equity and alternative investment ecosystem, the E78 team is known for its senior-led, high-touch approach and its expertise across asset classes including private equity, venture capital, hedge funds, real estate, private credit, and SPVs.