Standish Management (Standish) has acquired Alpha Alternatives Fund Services (Alpha), a fund administration firm for hedge funds and other investment vehicles. The transaction was completed on 1 November 2021.
The acquisition is part of an effort to bring new opportunities and additional services to each firm’s clients and provide a service solution for innovative, hybrid fund structures.
Former Rothstein Kass and KPMG partner, Todd Goldman, will serve as Alpha’s president, taking over the firm’s management and growth strategy from Alpha’s founders, Mitch Little and Arne Rovell.
Jasinda Bryden, who is a co-founder of Alpha and currently serves as its director of fund administration, and Anne Dixon, currently a senior manager at Standish and a Rothstein Kass alum, will also be joining Alpha.
Alpha will be able to leverage Standish’s infrastructure to serve clients locally by placing people in strategic offices across the country.
Standish is an independent provider of fund administration services to private equity, venture capital, and real estate managers.
Founded in 2007, Standish has grown steadily and currently has over $250 billion in assets under administration.
Alpha’s Goldman comments: “I am thrilled to be joining the Standish organisation to lead the integration of Alpha. Many of my former colleagues and friends have joined Standish over the years, so I already feel like part of the band. I look forward to working hand-in-hand with the combined teams to deliver dynamic fund solutions for a wide variety of fund structures and strategies.”
Robert Raynard, founder and CEO at Standish, says: “Since opening our doors, our objective has been to provide clients with solutions to help facilitate their growth. This means we need to have the systems and expertise to support various fund structures and strategies. Alpha has built an impressive track record of providing high quality, high touch client service to hedge funds. We look forward to working alongside them to contribute to the continued success of our combined teams.”
