Bespoke Fund Services by EFSI - Decoding Fund Management Services

Family Office Fund Administration Considerations

The family office sector is increasingly looking to alternative investment fund managers to help them navigate choppy investment waters and safeguard their assets for future generations. Additionally, more and more family offices are coming into being as high net worth individuals are looking to institutionalize their investment processes and hiring both internal and external expertise to support the family’s strategy – and therefore, legacy.

Family offices tend to be small in terms of the number of personnel they employ. That means they are also time-constrained, just like the hedge fund, private equity fund and real estate fund managers they allocate to. But they have the added burden of administering direct investments, whether that’s in real estate, public equities, or private companies.

Family offices can enjoy the same benefits as investment fund managers and fund of fund managers by outsourcing their fund administration function, but they should be cautious; one of the main challenges facing family offices is finding a bespoke fund services provider that can offer a tailored approach to the needs and challenges of managing their entire investment portfolio. No two family offices are the same, and their due diligence process on their fund administration providers should reflect that.

Anthony D. Mascia is Managing Partner at EFSI. Connect with him on LinkedIn here.

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EFSI is an independently owned, SOC-1 compliant, full-service fund administration firm. We provide accounting, reporting, administrative, and capital introduction services to a wide range of alternative investment funds including hedge funds, funds of funds, private equity funds, real estate funds, venture capital funds, and family offices. The center of EFSI’s service incorporates resilient technology and accomplished staff, providing clients a tailor-made service with exhaustive transparency. Give us a call today or reach out to our support team online. We look forward to hearing from you soon.