Media

Media

How the Pandemic Accelerated the Future of the Private Funds Industry

February 23, 2021 | Krista McCoy and Evan Audette, ULPFS discussed the nature of the changes happening in the private markets with Bill Hortz, Institute for Innovation Development.

Prior to the 2020 pandemic and subsequent economic disruptions, assets invested in private markets (including private equity, venture capital, hedge funds, and credit funds) had tripled from $2.5 trillion to $7.7 trillion since the previous Global Financial Crisis. According to The Future of Alternatives 2025 research by Preqin – a leading provider of data, analytics, and insights on the alternative assets community – this trend is expected to accelerate with AUM growth in these alternative assets to average 9.8% per year to 2025. Their study incorporates the impact of the 2020 pandemic into their forecast data. In fact, the pandemic turns out to be providing catalysts for growth and opportunities for private markets managers to invest in areas that have been affected by the pandemic and market disruptions.

This forecast of growth is expected to be driven in part by persistently low interest rates, high valuations and volatility of public markets, diversification expansion needs, and the search for yield and lower correlations. The pandemic also accelerated changes in fund administration technology, service levels, and strategic partnering capabilities that are enabling a level of business agility and resilience that can drive the industry to new opportunities.

Per Preqin: “The fact the industry and its service providers have managed to pivot so quickly in highly unusual times is clearly encouraging. The relationship between funds and their service providers may well evolve and be closer. Times like these that you find out who your valued and trusted partners and counterparties are and benefit over the long term. Working on issues such as increased transparency, fundraising efficiency, stakeholder (GP-LP) relationships.” (Preqin Investor Survey, April 2020)

To get a better understanding of the nature of the changes happening in the private markets, the Institute reached out to Evan Audette EVP, Chief Operating Officer and Krista McCoy EVP, Chief Business Development Officer of Ultimus LeverPoint – one of the largest independent private fund administrators in the country.

Read the full article here.

Ultimus LeverPoint Introduces Enhanced Client Portal, Technology Tools

February 2, 2021 | Technology additions reflect a company culture of responding to client needs

CINCINNATI, OHIO – February 2, 2021  – Ultimus LeverPoint, the private fund administration services arm of Ultimus Fund Solutions® (Ultimus®), is pleased to announce continued investments in  technology that enhance the fund manager and investor experiences while streamlining back-end processing.

Most recently, Ultimus LeverPoint introduced two additional technology tools. First is Ultimus LeverPoint’s  enhanced client portal, through which fund managers and their investors can directly access detailed fund and investor-level data and reporting on-demand. The other, DocuSign software, enables investors, fund managers, and other related parties to obtain and execute subscription documents electronically. Both tools significantly enhance convenience for investors while offering fund managers real-time access to reports, legal documents, and more sophisticated data.

Implementation of these tools is a direct response to clients’ desire for more real-time functionality, ease of use, and visibility into account and fund information and part of the firm’s continuing commitment to expanding its overall technology capabilities. By enhancing clients’ and investors’ digital experience and expanding access to business intelligence for fund managers and their partners, Ultimus LeverPoint has further reinforced its success in combining boutique service with institutional strength.

Ultimus LeverPoint’s enhanced client portal features significantly expanded dashboard reporting functionality. Dashboards customized to individual client brands are interactive and give fund managers and limited partners access to a variety of reports in real time. Through this advanced portal, fund managers can access reporting directly instead of having to request individual reports. Dynamic reports can also be retrieved in real time, giving fund managers and CFOs direct and secure access to accounting data. This streamlined process enables managers to drill down to new levels of fund accounting transaction details and call up reports on demand.

The DocuSign software streamlines document handling and authorization for managers and partners. Instead of having to print, sign, scan and/or transmit documents, clients can now access and execute fund subscription agreement documents electronically with less risk and faster turnaround. This software also enables key data to be uploaded directly into the firm’s client relationship management (CRM) system, enhancing data efficiency and accuracy.

Kelly Ramsey Gooch, EVP, Client Relationship Officer for Ultimus LeverPoint, says that listening to clients reflects Ultimus LeverPoint’s client-centricity. “We are always seeking feedback from our clients to understand their needs, while surveying the expectations of the market and gaps in industry offerings,” she said. ”Then we move in that direction, staying aligned with the priorities of industry demands—those of existing clients as well as prospective ones.”

Looking for ways to continually improve and being results driven reflect other core values of the firm, according to David MacPhee, Chief Executive Officer of Ultimus LeverPoint. “There’s always more to accomplish in terms of the experience we provide our clients and their partners,” he says. “We’ll keep expanding and evolving our offerings, our service delivery and our technology, making it easier for fund managers to execute on their goals. Our service and solutions will always reflect our client’s needs.”


About Ultimus LeverPoint
Ultimus LeverPoint Private Fund Solutions is a leading fund administrator committed to providing a complete spectrum of solutions to private equity, venture capital and hedge fund clients. We provide accounting and fund administration solutions to over 205 firms with approximately $110B in assets. Our asset management clients represent a diverse range of alternative fund types and structures ranging in size from first time firms with $50M AUM to established firms with more than $10B AUM.

Whether outsourcing a new fund, or transitioning existing funds, Ultimus LeverPoint serves as a seamless extension of your firm – a partner in growth. From traditional to complex structures, our team of over 250 associates provide operational excellence, in order to meet every need and dedicated to helping investment managers keep pace with the constantly changing regulatory and market demands, while providing quick solutions to new challenges. For more information, visit ultimusleverpoint.com.

 

About Ultimus
Ultimus Fund Solutions (Ultimus) is a leading provider of full-service fund administration, accounting, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans. The company also offers customized structures designed for the unique needs of pensions, endowments, foundations, and other large institutions. Ultimus’ deep commitment to excellence is achieved through investments in best-in-class technology, compliance programs, organization-wide cyber security efforts, and hiring seasoned professionals.

Headquartered in Cincinnati, Ohio with offices in other major cities such as Chicago, New York and Boston, Ultimus employs over 700 seasoned accountants, attorneys, paralegals, application developers, fund administrators, compliance specialists, and many others with years of experience in the financial services industry. Servicing over 1,200 total traditional and alternative funds, Ultimus helps investment managers and fund families flourish in today’s increasingly sophisticated and dynamic investment landscape. For more information, visit www.ultimusfundsolutions.com.

 

11969167 02/01/2021

Ultimus Names Kelly Ramsey Gooch to Lead Client Relationship Management for Private Fund Administration

December 2, 2020 | Seasoned financial executive brings 25 years of experience in strategic client-facing roles

CINCINNATI, OHIO – December 2, 2020  – As a leading independent provider of full-service fund administration, accounting, and investor solutions, Ultimus Fund Solutions® (Ultimus®) is pleased to welcome Kelly Ramsey Gooch as Executive Vice President, Client Relationship Officer for Ultimus LeverPoint, the firm’s private fund administration services group.

Gooch joined Ultimus LeverPoint in October 2020, bringing 25 years of experience at large fund administrators in senior-level and executive client-facing positions within the registered and private fund administration business. In her role at Ultimus LeverPoint, she is responsible for the development and execution of the relationship management strategy and leading the day-to-day client relationship management efforts to drive client satisfaction, retention and growth.In alignment with Ultimus’ relationship management model, Gooch works closely with the Ultimus LeverPoint relationship management team and clients to focus on strategic engagements with clients, client satisfaction and communication. She is also responsible for internal accountability through planning, advocacy, day-to-day interaction, and best practices designed to drive understanding of clients’ business priorities, deepen client relationships, and help them achieve results.

Prior to joining Ultimus LeverPoint, Gooch’s career focused on developing relationships with alternative asset management clients and driving client satisfaction, having served in key roles with several large, global service providers. In addition to relationship management, Gooch’s experience includes fund administration, operations management, investor services, project management, business development, and client implementations.

“We are excited to welcome Kelly in this key leadership role,” said David MacPhee, Chief Executive Officer of Ultimus LeverPoint. “Her insights and skills in cultivating and building on client relationships at the most senior levels are well-known in the industry and are second to none. She has a proven track record as an accomplished, integrity-driven professional and a well-earned reputation as the ‘go-to’ person for getting things done.”

Ultimus CEO Gary Tenkman said that the addition of Gooch to the Ultimus LeverPoint executive team represents the continued investment in the firm’s client-centric culture and commitment to excellence. “Our client relationships are obviously the foundation of our business, and we continue to invest in the very best resources in the industry—both in terms of talent and technology—to develop strong partnerships with our clients,” he said. “By combining those same values with her exceptional skills and industry experience, Kelly is a driving force in leading our client relationship efforts, both strategically and operationally.”

Gooch received her B.S. in Accounting from Ramapo College of New Jersey and her M.S. in Leadership from Duquesne University. She is currently pursuing a doctorate degree in Strategic Leadership.


About Ultimus LeverPoint
Ultimus LeverPoint Private Fund Solutions (ULP) is a leading fund administrator committed to providing a complete spectrum of solutions to private equity, venture capital and hedge fund clients. The firm provides accounting and fund administration solutions to over 205 firms with approximately $110B in assets. ULP’s asset management clients represent a diverse range of alternative fund types and structures ranging in size from first time firms with $50M AUM to established firms with $19B AUM.

Whether outsourcing a new fund, or transitioning existing funds, Ultimus LeverPoint serves as a seamless extension of fund management firms – a partner in growth. From traditional to complex structures, ULP’s team of over 225 associates provides operational excellence, in order to meet every need and dedicated to helping investment managers keep pace with the constantly changing regulatory and market demands, while providing quick solutions to new challenges. For more information, visit ultimusleverpoint.com.

About Ultimus
Ultimus Fund Solutions (Ultimus) is a leading provider of full-service fund administration, accounting, and investor solutions to support the launching and servicing of registered funds, private funds, and public plans. The company also offers customized structures designed for the unique needs of pensions, endowments, foundations, and other large institutions. Ultimus’ deep commitment to excellence is achieved through investments in best-in-class technology, compliance programs, organization-wide cyber security efforts, and hiring seasoned professionals.

Headquartered in Cincinnati, Ohio with offices in other major cities such as Chicago, New York and Boston, Ultimus employs more than 700 seasoned accountants, attorneys, paralegals, application developers, fund administrators, compliance specialists, and many others with years of experience in the financial services industry. Servicing over 1,300 total traditional and alternative funds, Ultimus helps investment managers and fund families flourish in today’s increasingly sophisticated and dynamic investment landscape. For more information, visit www.ultimusfundsolutions.com.

11514561 12/02/2020

Events

Sponsored Webinar:

Private Equity
CFO Outlook

Wednesday, February 24, 2021
3:00 p.m. ET

Virtual Showcase:

Advancing Private Fund Services
with Ultimus LeverPoint

A webinar for our Partners

Thursday, March 4, 2021
2:00 p.m. ET