Fund administrator Suntera Global has acquired US fund administration business Socium Fund Services.
The acquisition is part of Suntera’s wider effort to grow and expand its international footprint into new global markets.
Through the mandate, Socium will help to raise Suntera Global’s profile in the US market, complementing the firm’s existing global funds expertise and its international network.
Founded in 2016 and headquartered in New Jersey, Socium provides boutique fund
administration services to private equity, private credit, venture capital and real estate-focused fund managers.
The company offers solutions including accounting and administration, investor services, reporting services, treasury, tax, and regulatory and compliance services.
Under the mandate, the Socium team will join the Suntera Global team with immediate effect.
Commenting on the acquisition David Hudson, group CEO at Suntera Global (pictured), says:
“Servicing clients on both the east and west coasts, Socium will not only enhance our service offering and presence in the US itself but will also add considerably to our existing global capabilities in supporting alternative fund managers. I’m looking forward to welcoming our new colleagues to the team.”
Michael Von Bevern and Beth Mueller, joint partners and co-founders of Socium, comment:
“We are incredibly proud of how Socium has grown over the six years since its inception to its standing today as a highly regarded fund administration business.
“Becoming part of the Suntera Global team will give us the opportunity to continue to enhance and broaden our client offering. We are excited for the opportunity to expand and strengthen the offering we have built, with a globally recognised firm who shares our vision of excellence and accountability.”
