Category: Press

PRIVATE EQUITY LEGAL & COMPLIANCE DIGEST: PE Firms Increasingly Turn to Administrators as Regulatory and Investor Pressures Mount

Jerry Cummins, Director of Alaric Compliance Services, was quoted in an article in the Private Equity Legal & Compliance Digest discussing how private equity managers are migrating to third party administrative services (TPAs) to cope with a confluence of factors: a proliferation of regulations, the shift to a more demanding institutional client base, increased regulatory assets under management and a constrained pool of specialized talent needed to run a PE firm. “The TPA selection process provides a unique opportunity to systematically address operational risks that otherwise might never come to light,” said Cummins. “An operational hitch that threatens efficient and accurate processing, especially if the industry continues to grow, can result in insurmountable reputational damage to a PE fund sponsor or manager.”

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