Zedra Fund Services in Jersey is to provide fund administration and corporate governance services to alternatives asset management specialist IG4 Capital’s latest fund.
IG4's $231.5m Private Equity Fund II is based in the UK and will focus on special opportunities in Latin America – IG4 Capital operates from Brazil, Chile and London, as well as Jersey.
Ryan Taylor, Director of Zedra Fund Services, commented: “We have significant experience in the small and mid-tier alternative funds administration sector. As well as all traditional threshold services, this [contract] would include value-added areas such as fund governance, meeting economic substance requirements and fund administration advisory skills.”
He said Zedra Fund Services was optimistic about the business opportunities that could arise once the Covid-19 crisis has passed, particularly in fund administration mandates for start-up managers with capital backing and strong investment opportunities.
“Within the wider market this year, we see opportunities in the family office market space emerging,” he added.