Centaur Fund Services and Circle Partners are the latest firms to join the North America Fund Administration Association (NAFAA), a group for the alternative investment fund administration industry.
Centaur Fund Services delivers independent fund administration and regulatory services globally to the alternative investment fund industry.
They focus on hedge funds, private equity and real estate funds, family offices and insurance-linked securities funds.
Meanwhile, Circle partners provide a comprehensive range of administration and corporate services to hedge funds, fund of funds, real estate funds, and private equity funds.
Chris Meader, founding director at NAFAA, said: “We are delighted to have Centaur and Circle as the latest members of the association. November will see the launch of the NAFAA working groups whose initial focus will be to discuss and define best practices and standards.”
“We are thrilled to have these global firms collaborating with our existing members to promote the best interests of the alternative fund administration industry.”
Des Johnson, CEO of Centaur Fund Services US, commented: “We are proud to play a part in defining best practices and standards in fund administration.”
“The NAFAA has already gained a solid reputation as a voice for the fund administration industry and we look forward to working with this important group as the industry grows and develops.”
Keith Schult, head of North America Operations for Circle, added: “Circle Partners is excited to join the newly formed NAFAA to collaborate with fellow fund administrators to establish policies and procedures that should be considered best practice for our industry.”
“Ensuring that our industry has strong and well-recognised standards are vital to the health of the overall fund administration industry and we are happy that we can participate in this process. We look forward to contributing to the effort of increasing the value administrators add to the overall fund industry.”
