Ocorian expands US onshore funds presence with acquisition of EdgePoint

Ocorian, the specialist global provider of fund and corporate administration services and regulatory solutions to financial institutions, asset managers, corporates and high net-worth individuals, has acquired US-based fund administrator, EdgePoint Fund Services (“EdgePoint”). 
 
EdgePoint provides fund administration services to US fund managers across private markets. Its team of accounting and investor services specialists will join Ocorian’s global fund services business which comprises over 500 funds services experts.
 
Ocorian has over 30 years’ experience in fund administration, accounting, investor services and regulated AIFM and depositary solutions and supports managers across all major asset classes of private markets such as private equity, real estate, infrastructure, debt, and venture capital. Ocorian’s clients include some of the world’s largest financial institutions, along with dynamic start-up fund managers and boutique houses. 
 
Chantal Free, Chief Executive Officer at Ocorian, said: “The US is an incredibly important market for our clients, who increasingly look to Ocorian to support them with globally consistent, expert-led and technology-enabled solutions across the globe. Ocorian supports our European, Asian and US manager clients across domiciles and the expert capability of EdgePoint will help us expand our offering to US fund managers with US onshore fund administration and complement our current capabilities in regulatory & compliance consulting and capital markets. It will also help us to serve our US, European and Asian clients globally and consistently." 
 
Yegor Lanovenko, Global Co-Head of Fund Services at Ocorian, added: “The EdgePoint team’s approach to providing expert, personalised but scalable fund services to handle operational complexity for clients is completely aligned with our value proposition. Working together with EdgePoint’s talented team, we will be able to support US funds with local expertise whilst leveraging our global capability and investment in new services and product development.” 
 
EdgePoint founder, David Lemon said “We are extremely proud of our business and with the relationships that we’ve built with our clients. Through partnering with Ocorian, EdgePoint will be able to expand its offering while maintaining the high level of service that our clients rely upon. With Ocorian’s resources and global infrastructure, we’re better positioned to support our clients’ expanding operations and meet their evolving needs. Ocorian understands our business, our clients, and our ambitions, and they’re committed to retaining our local expertise and culture. This mutually beneficial partnership will furthermore allow Ocorian to expand its offering to our local market while maintaining the same high level of service that their clients have come to expect. We are confident that our colleagues at EdgePoint will benefit from becoming part of Ocorian and that there is tremendous upside for our clients.”