Prescient Group acquires Obsidian
05 March 2026 Guernsey
Image: Amonthe/stock.adobe.com
The Prescient Group has acquired Obsidian Fund Services in Guernsey, expanding its service offering for its fund management clients, most notably in the private assets space.
Obsidian has now become a part of Prescient’s fund services arm, Prescient Fund Services, effective from 1 February 2026.
The firm says that the entire Obsidian team, led by their CEO Jody Newark, will be integrated into Prescient.
Obsidian provides a range of fund administration services, including fund accounting, compliance, financial reporting, governance, and investor services.
The team also supports the needs of listed funds and has a record in working with the needs of both closed ended and open-ended funds.
The team in Guernsey will continue to provide full-service fund administration, supporting a wide range of private assets funds, including private equity, infrastructure, private credit and real estate funds, the firm notes.
Commenting on the acquisition, Newark says: “This is an exciting new development for our clients as we join a larger fund administration group which shares our values.
“We look forward to continuing to deliver the same high level of service to our customers under the Prescient brand.”
Craig Mockford, CEO of Prescient Fund Services, adds: “Guernsey is a leading jurisdiction for private equity and other private assets funds, and it makes enormous sense for Prescient Fund Services to have a presence on the island, working with an established and respected team like that at Obsidian.
“We are confident that this partnership will bring new opportunities for Prescient Fund Services and our wider client base as we continue to build on our global private equity capabilities.”
Obsidian has now become a part of Prescient’s fund services arm, Prescient Fund Services, effective from 1 February 2026.
The firm says that the entire Obsidian team, led by their CEO Jody Newark, will be integrated into Prescient.
Obsidian provides a range of fund administration services, including fund accounting, compliance, financial reporting, governance, and investor services.
The team also supports the needs of listed funds and has a record in working with the needs of both closed ended and open-ended funds.
The team in Guernsey will continue to provide full-service fund administration, supporting a wide range of private assets funds, including private equity, infrastructure, private credit and real estate funds, the firm notes.
Commenting on the acquisition, Newark says: “This is an exciting new development for our clients as we join a larger fund administration group which shares our values.
“We look forward to continuing to deliver the same high level of service to our customers under the Prescient brand.”
Craig Mockford, CEO of Prescient Fund Services, adds: “Guernsey is a leading jurisdiction for private equity and other private assets funds, and it makes enormous sense for Prescient Fund Services to have a presence on the island, working with an established and respected team like that at Obsidian.
“We are confident that this partnership will bring new opportunities for Prescient Fund Services and our wider client base as we continue to build on our global private equity capabilities.”
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